metals up, page-5

Hi pencilin,

The more I inspect the chart the more I believe that last friday (high volume day on 18/12) was an accumulation day: "Accumulation is when the market is controlled by buyers. A down-trend that stalls while volume remains high signals that accumulation is taking place. Sellers have lost control to buyers and a reversal is likely".

KZL has been stuck in a trading range since July, and looks like it is ready to revisit resistance (around $1.13). This will be the fifth time resistance has been tested ~ I wonder if it will fail this time?

Daily Chart: Many short term indicators are oversold but turning up right now. Perhaps a bit agressive to top up just now, as the ADX needs to turn up with +ve DI on to to confirm (if you can wait that long)....