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%.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from KNR of USD$30,000 cash for a one-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.
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