Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Some Positives

Looking at the TA I find some positive signs that we may have hit bottom.

RSI : Relative Strength Index

According to the RSI which is currently at 29.96%, below the critical value of 30, KWG is oversold. While this may not mean that the stock will begin to rally, it does mean that a bottom may be forming.

Stochastic Oscillator

The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, the oscillator has dropped below the critical value of 20 and KWG is now oversold.

KWG is trading below its lower Bollinger Band. Relative to recent price action, the stock is currently overextended to the downside and due for either a pause or retracement.

Nothing is certain, but it could be a sign that the worst is over.

SRV

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