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PeterJamesLim
Mar 6, 2021 2:29 PM

KPower going to gain POWER soon! Long

Description

Why did I say so?

1) Kpower has been on a downtrend since early Jan 2021. At the current period, it has already been bearish for 3 months. The pattern shows a falling wedge and typically, a falling wedge may last up to 3 to 6 months. What does this indicate? A falling wedge in an uptrend is indicating a bullish sign soon.

2) MACD is slowly and may show bullish divergence soon.

3) RSI is definitely almost oversold. THE current RSI value is at 30%.

So, let's hope and pray that Kpower may rebound soon.!
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