I see where your coming from @AussieBryan. As pointed out by one economic trend analyst, it’s got nothing to do with the trade war TRUMP vs CHINA that’s going on. It’s to do with America (The FED) hiking their interest rates at a pace that’s hurting all markets and EM currencies and sent them in a bear trend, as the markets and EM currencies have been condition to perform with cheap money flow in the economies and are now spooked by rising interest rates from the FED (America) that has currently sunk almost every EM currency especially Australia’s currency, however our interest rates haven’t moved and aren’t likely to either as our market is in a bear trend.
The higher the Fed (America) goes with interest rates the higher the US dollar goes, the more negative sentiment the commodities have, because the US dollar has more value than the commodities and the US dollar works inverse to the commodities. While the ASX/All Ords have been going down and officially in a bear trend, KRR’s SP is holding up exceptionally well and slowly edging higher and that is a positive for me. Obviously that is a signal that their is some good exciting news to come from KRR soon through one of their ann’s. I can see sentiment in KRR changing for the good now after a long down trend (8months) and looks like a new uptrend starting to form and send KRR back up again now.
Highlighted in green circles are where numerous gaps are, the blue circles are two equivalent short heads and their is a bigger pattern of an inverse H&S’s pattern playing out which is confirmation that this looks to be the start of a new uptrend happening. IMO GLTAH’s DYOR.
KRR Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
