KTC : Breakout at 16.1 places 18.2-18.3 as first target.
March 16, 2011 Leave a comment
KTC is very close to a trend changing move, and as long as it holds above 15.10, we can expect a big move north in the not too distant future. The breakout point and main resistance is 16.10, with a break here pointing to 18.20-18.30 as the target. Upper resistance and the MT target is 19.50-19.60
Consider entry on the break, or indeed if another dip to or just above 15.10 occurs. We are using 14.85 as the stop.