KH : Stable, but still in a coma
February 28, 2011 Leave a comment
Apart from the odd ramp, the stock has been pretty much dead for a while now, with a trading range from 6.25 to 6.75.
Currently at 6.50 it is probably not worth consideration at such prices, but at 6.20-6.25 some may be tempted for another rebound punt to or just below the 6.75 resistance.
To end the current sideways trend a weekly close above 6.75 on strong volume would be needed, or indeed a weekly close below 6.