Shares & Derivatives
Stock Chart: Kepland, NOL!
By Dou  •  January 7, 2011

On Friday, Kepland re-test support at $4.80 and closed at $4.80 with LOW volume of 1.74 million shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are turning bearish as MACD began to converse together.

Important Resistance of Kepland: $4.89

Immediate Support of Kepland: $4.80

Currently prices are supported by 20/50 days MA.

It seems that the resistance at $4.89 is very strong and prices failed to rise above this level.

We would not suggest buying till $4.89 is breached with high volume. Moreover prices are trending downwards on a falling channel

Our preferred entry point for Kepland would be at the 100 days MA (Current price at $4.40) which has been holding the prices since ...

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By Dou
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