KSL : A retest of 14.50 looks likely
June 13, 2011 Leave a comment
KSL’s techncials are looking quite good, with decent price support at 13.50-13.60. The stock should be able to rally to 14.30-14.50 range this week, possibly Tuesday, but will need a big volume day to clear 14.25 let alone 14.50.
There is further price resistance at 1480-4.90 and 15.50 or so, but a good weekly close above 14.50 could set the stage for a rally well above 15.
For now entry looks interesting nearer 13.50-13.60 as long a it comes off on low selling pressure.