Technical Analysis with current price @ 0.425 (10 Jul 2020)
-Legend-
Support Line - Green line (dotted and solid)
Resistance Line - Red line (dotted and solid)
Downtrend Line - Orange Arrow Line Dotted
Uptrend Line - Blue Arrow Line Dotted
As observe in the chart, K1 is still in uptrend, confirmed by the Uptrend line. However, it is also showing that downtrend has started and can be seen through the Downtrend line. However, the Uptrend line has not been broken yet, thus we can expect a pull back might occur at the range of 0.405 - 0.425.
If the trend keeps it bearish power and breaks the 0.405 support, a follow through downtrend may occur until a reversal at which is expected to happen at its next Support Line at 0.355.
-Legend-
Support Line - Green line (dotted and solid)
Resistance Line - Red line (dotted and solid)
Downtrend Line - Orange Arrow Line Dotted
Uptrend Line - Blue Arrow Line Dotted
As observe in the chart, K1 is still in uptrend, confirmed by the Uptrend line. However, it is also showing that downtrend has started and can be seen through the Downtrend line. However, the Uptrend line has not been broken yet, thus we can expect a pull back might occur at the range of 0.405 - 0.425.
If the trend keeps it bearish power and breaks the 0.405 support, a follow through downtrend may occur until a reversal at which is expected to happen at its next Support Line at 0.355.