A bit of work left in the SP for KZL to move in line with the XJO. I didn't expect KZL not to correlate with the XJO from Feb to now, considering since Sep 09 it has.
Q. is with the market XJO expected to retrace, being what looks like a typical Elliot Wave pattern from Mar 09 till now, and an ABC correction to follow. Will KZL follow the overall market and dip below 80 again, or will it hold up and actually fill the gap now that one of the uncertainties is closed off - Mungana?
KZL Price at posting:
83.0¢ Sentiment: None Disclosure: Not Held