KAS move points to short-term Bullish target of 13.5 cents

The predicted bounce from a double bottom of key support has now retraced to the 0.5 fib level, which has confluence with both SR structure on the chart and the 4hr 200 EMA. A golden pocket extension from there would imply a move to around 13.5 cents, though it would have to break through some resistance at 12.5 on the way. If the current price does not hold, expect a retrace to the golden pocket, which is currently at 10.5-11 cents.