KEST : Not sure if 10 will be the low for this retracement
September 26, 2011 Leave a comment
KEST’s monthly chart is of course really ugly, and gives some support at 12.6 (Monday’s low was 12.7) However there is not much below 12.6 until 10 or so, and this is where the stock is headed if we are reading the charts correctly. If 10 fails then the all time low at 6.55 will be in danger.
There is resistance from 13.1-13.3, and any bounce will face a big barrier if it gets as far as 14 or so.