Friday, October 16, 2009

20091016 1015 KSL Daily Chart Study.



Looking at KSL daily chart, it is in the process of forming a double bottom break up or a possible triple top. The 1.30 to 1.40 levell will be crucial for KSL to determine it future direction movement. Should it break above, which also mean a double bottom break up, then the next target will be 1.60 to 1.70 level. But should it fail to break above and started to retrace downward, then the target will be around 0.80 to 0.75 level.

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