1) Someone is accumilating at the 30.5 - 31 cents level, most likely De Bortoli
2) Clearly, there is someone accumilating, and someone selling out.
3) Everytime KZL builds up volume on buy side@ 31 cents, someone dumps a million or more shares to take out the whole build up at 31. This has happened over 3-4 days (When I have been watching). Moreover I don't see punters willing to shell-out more than 31.5 cents for KZl at this moment
4) The good news is that the 17th February low of 30.5 cents has held very well. Hopefully this breaks the mini-downward push.
Tomorrow is the last day of Feb, and I feel that Management will release their Half yearly reports... I'm hoping there are some sweet surprises of news as opposed to more terrible news
Anyone else care to comment?
KZL Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
