KNR Breaks 50DMA and Approaching Key Breakout Point

Kontrol Energy (CSE: KNR) or KNRLF on the OTCQB broke through its 50-day moving average yesterday of $0.78 per share and closed up $0.09 to $0.80 per share. On average, after the last four occasions that KNR surpassed its 50-day moving average, it rose to a peak of 47.86% above its 50-day moving average in an average time period of 22.5 trading days.

KNR has a key breakout point of $0.92 per share. The last time KNR surpassed $0.92 per share, it exploded to a high of $1.58 per share within the following two weeks!

For KNR to surpass its key breakout point of $0.92 per share, it only needs to rise to 17.94% above its 50-day moving average. On the last four occasions that KNR brokeout past its 50-day moving average, its gains afterwards were much higher than 17.94%.

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