KS Energy seems like trading on a down trend where lower low has been formed.
Things to watch out whether KS Energy will continue the down trend:
- Whether KS Energy can break above the 20D MA resistance at about $1.12.
- If $1.12 resistance is broken, the next critical resistance level is $1.194. This is the previous high and also 61.8% Fibonacci Retracement Resistance.
If KS Energy cannot get past and go above the above conditions, a lower high is formed and the down trend is confirmed.