KDNC has all the "hype" potential with none of current technical's to support it.
The company has lots of support in followers and lots of shares in circulation all chasing the next big thing - Lithium boom.
With great reserves and vested interests the company is in a good place except for cash flow, it doesn't own anything.
So - Look for big moves up after news,...
REVISED PLAN -
Currently a little pull back just below the 0.17 price pivot and key level to be broken.
Look for pull back to bounce of near term support pivot at 0.13 (area), then a strong move up would be preferred with a good close above the struggle level. look for RSI to confirm break and close above 0.17, this would help to confirm the strength of the move,...
A lovely mixture of topping patterns - Complex head and shoulders, triple top and rolling top.
All supported by a divergent RSI across the full length of the structure.
Price ready for potential bounce of neckline, then watch for failure to make new highs, strong selling to convincingly break neckline and then good downside target levels at 38.2 and 50% Fib retracements.
SRES is testing a strong pivot at 0.19, at the same time an increase in volume may indicate support to break through this long term level.
Should the level break with supported volume and momentum (RSI indicating overbought) the there is potential for a push to 0.25 followed by a shallow pull back before moving significantly higher.
The next logical target level...
Climatic buying into top at 9 may result in a run out of steam as commitment burns out and the price does not offer much more value resulting in a gradual pull back (time, news and economics dependent) which may offer a good entry at the 50% retracement. Should it move deeper a more significant level at 3 which was previously strong resistance would work as a good...