KGI : Past 2 big rallies occurred in July. Hopefully so will the 3rd
July 27, 2011 Leave a comment
KGI had major one month rallies in July 2007 and 2010, and could rally to 3 or so again if a big increase in vols is seen, and indeed there is a market wide rally to nearer 1160-1180
The stock has immediate resistance from 2.60-2.62 and on to 2.72 or so, with first decent support seen on the day chart at the gap from 2.42-2.44.
As always, watch for a major increase in volume if you intend to jump in for a punt.