King Resources Inc (KRFG)

[Psionic Trader]

Charts show a downward price trend for the last couple weeks but what's amazing is that in general there has always been a bit more buying pressure taking place here as it is evident in the combined Chaiken Monay Flow, AccumDist, and MACD indicators, even this week where it looks to me like a reversal about to happen.

Remember that the those indicators must be read in conjunction with other indicators for a thorough analysis, not just by itself.

Another factor to consider here, 200dma is acting as the support. Could get a good night's sleep knowing that there's little chance it could drop any further than the 200dma.
If it DOES drop below the support, I'll be extremely surprised as the chance of that happening is very slim, especially with the buying pressure that still exists.

My funds will be clearing in about 3 days so I'll be adding some more. I believe it's the last we'll ever see of these low prices for a very long time to come.