KEGN
KenGen Ltd Ord. 2.50 broke above the upside resistance level of 5.68, 12 day(s) ago. This is a bullish sign. This previous resistance level of 5.68 may now provide downside support. Volume on the day of the breakout was quite heavy--331% above average. This makes the breakout even more significant. If you decide to trade KenGen Ltd Ord. 2.50, you may want to place a stop loss just below the resistance level, in case the breakout is premature.This option has too many immediate obstacles that price will need to overcome before target is realized(trendline,structure above market, 200MA,400MA)
on the flip side, KEGN is forming a descending triangle which is a bearish chart pattern. We should watch for a move below support, as it suggests that downward momentum is building(uncertainty).
Now that we dont short the market around here, it is better to be on the sidelines until price tell us what it want to do. Like river Price follows path of least resistance.

hopefully,this has given us a situational awareness.
baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis It's not over until I winskype id: karasinga. email:
kkarasinga@gmail.com