KOHC - price moving in downwards parallel channel. It is at 4H support now and may bounce out of channel to test 450 resistance zone.
Otherwise, it may still go further down the parallel channel and bounce from 320~330 zone. RSI is indicating a further slip in price however, KVO suggest that price will stay static and may go either side. Therefore, if price drops below 360 then one must exit. And if planning to buy then better to buy on dip at 320~330.
And even better buying will be once the price crosses 460 after breaking the resistance zone of 440~450.
Otherwise, it may still go further down the parallel channel and bounce from 320~330 zone. RSI is indicating a further slip in price however, KVO suggest that price will stay static and may go either side. Therefore, if price drops below 360 then one must exit. And if planning to buy then better to buy on dip at 320~330.
And even better buying will be once the price crosses 460 after breaking the resistance zone of 440~450.
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