KBB has been in long run of uptrend since Oct 2011 from 0.22 up to current of 0.58.
With 163% price changed, expecting KBB to continue another run and possible to hit 2010 high which is 0.635.
But before we get to that price, share must break 0.611 first, then it can reach 0.635 and 0.65.
List of bullish indicators.
- Volume today has been magnificent after few days drop.
- CCI expecting to create another mountain yet again and will create new high price for 2011-2012.
- MFI & RSI in overbought area. Buyer interest at high now.
- Stoch is more than 50% and set to go higher if positive tomorrow.
- Bollinger band for today going downward.
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