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Focus On Daily Bear Channel Base *RES....>

KIWI TECHS
KIWI TECHS: Focus On Daily Bear Channel Base
*RES 4: $0.6979 - High Nov 9 
*RES 3: $0.6896 - Daily Bear channel top 
*RES 2: $0.6890 - 21-DMA 
*RES 1: $0.6839 - High Nov 20
*PRICE: $0.6808 @ 2030GMT
*SUP 1: $0.6779 - 2017 Low Nov 17
*SUP 2: $0.6674 - Monthly Low May 30 2016
*SUP 3: $0.6608 - Daily Bear channel base
*SUP 4: $0.6543 - Low Feb 16 2016
*COMMENTARY: The failure around the 21-DMA in past weeks retained the integrity
of the bear channel top, resulting in fresh 2017 and 18mth lows Friday leaving
the pair looking heavy and bears focused on the daily bear channel base. The
Bollinger base ($0.6804) is the key concern for bears and limits follow through.
Bulls now need above $0.6839 to gain breathing room and above the bear channel
top to shift focus to $0.6979-0.7048.

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