My earlier post on Kinetic Motors on Oct 22nd 2010 speculated on a possibility of price rise based on confirmation. But the confirmation never came and the market developed a sideway trend.
Three moving averages have diverged to a large extent, and volume has also slowed down. The market should remain sideways tomorrow as well.
An yearly view on the chart shows how divergent the moving averages have become, denoting mixed emotions about this stock amongst investors and continuation of choppy sideways market with some more black / neutral candles for the time being.
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