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KAZ daily 23/07/13

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KAZ formed a higher low at 240.9p a few days ago and closed at the day's high today suggesting further rises tomorrow. There's also been an RSI breakout following a bullish divergence, and a close above 283.9p would mean a 123 low breakout so there's plenty of bullishness here at the moment.

Any long entries (whether immediate or on a 123-low trade basis) should have stops below that higher low but mind out for the down channel resistance at 297.5p. I wouldn't be at all surprised to see this gap up tomorrow after such a strong close that could provide a good long entry too.
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Guest Monday, 19 November 2018