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Close Above $0.6912 To Ease Bearish......>
KIWI TECHS
KIWI TECHS: Close Above $0.6912 To Ease Bearish Pressure
*RES 4: $0.7007 - Hourly resistance Oct 20
*RES 3: $0.6940 - Hourly resistance Oct 24
*RES 2: $0.6912 - High Oct 25
*RES 1: $0.6882 - Hourly resistance Oct 31
*PRICE: $0.6844 @ 2000GMT
*SUP 1: $0.6816 - 2017 Low May 11 & Oct 27
*SUP 2: $0.6667 - Low Mar 28 2016
*SUP 3: $0.6543 - Low Feb 16 2016
*SUP 4: $0.6409 - Low Jan 21 2016
*COMMENTARY: Bears take additional comfort last week in the weekly close below
the LT bull channel base ($0.6974) and now look for a close below 2017 lows to
shift immediate focus to $0.6667 and overall focus to tests of 2016 lows
($0.6346). O/S daily studies and the Bollinger base ($0.6796) are key concerns
for bears. Layers of resistance are accumulating and weighing with bulls needing
a close above $0.6912 to ease immediate bearish pressure.
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