Koovs remains bearish, but may go upwards soon

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Koovs stock (LSE:KOOV) is a bear market. The bear market started after the huge upwards spike that was witnessed in June 2018. It turned out that the upwards spike cannot be sustained.

Since then, price has been coming downwards gradually, and it is now consolidating in the context of a downtrend.

 

Price has recently gone below the lower Trendline – only to go above it again. The recent price action has shown that further bearish effort may eventually be rendered futile. Price is showing signs of bullish recovery and it may go upwards very soon…

Possibly significantly…

The RSI period 14 is around the level 60 and is pointing upwards, signaling a possibility of further bullish movement. Price could still go significantly higher.

 

Trading realities: Trading realities 

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