Monday, August 15, 2011

KRMC - Big Bounce Under Way


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After a fall from over $.11 to recent lows. KRMC has a 52 week high of over $.24 a share. Today the stock took the first step in what could be an impressive rally. I see resistance on the chart at $.001 and then $.0013 which is the 50 day moving average. The 200 day moving average rests at over $.05 a share.

Today the stock saw impressive buying and very little selling, indicative of a stock that wants to trade higher. We could be looking at day one of a big bounce higher with KRMC.

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