I think KZL may have found support, it seems to have formed a Doji today, if the US markets are up tonight, and KZL opens with a gap, then potentially we may have a morning star pattern... which is a very bullish pattern.
Again, think of it this way, after a run from 52cents to 65cents, it has to have some profit taking, this is exactly whats happening now. If you noticed todays low was 58.5 an exact 50% retracement of the gain.(65-52=13; 13/2 = 6.5; 65-6.5=58.5)
Lastly, KZl has also closed the gap it left behind between 59.5 & 61 cents 3 days ago (24th & 25th march)
I'm pretty bullish on KZL, just based on the TA right now.
Hope this helps & hope things work the way I am thinking
Cheers Mayo
KZL Price at posting:
60.0¢ Sentiment: ST Buy Disclosure: Held
