Tuesday, November 10, 2009

20091110 1150 KTB Daily Chart Study.



Lately there were some significant volume coming into KTB with price edge up slowly for the past 4 days and is now trading above the middle Bollinger band. Chart wise, all indicators are giving a positive outlook for KTB with the immediate resistant target rest at 0.285 and should this level break, the next target will be at at 0.32 ~ 0.35. Support stands at 0.205 level.
PS: This is not a fundamentally strong counter.

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