Since news of KEM 2nd offering: - A drop in price every morning during market open. - Rising wedge formations every day.
Today: - Rising wedge ceased. - Double bottom formed at $19.22 establishing floor support. - Touched 50MA and pierced downward trendline.
What to look for to confirm trend reversal: - Higher lows - Price hovering above $19.70 - If price touches floor support of $19.22 again without going lower.