Kepland seems like trading at the Wave 5 of an Elliott Wave. It is still not clear that whether Wave 5 has completed before starting the Wave A.
Things to watch out for:
- If Kepland is able to stay above $4.50, the stock price will probably go up to $4.90 (138.3% Fibonacci Retracement Level) to continue Wave 5.
- If Kepland is unable to break this $4.50 resistance level, this probably indicates the end of Wave 5 and Wave A will be in formation. Price target of the corrective Wave A is $3.84 which is also a 200D MA.
