The weekly chart for KPROJ highlights a critical juncture for the stock. Price is consolidating near the 84–85 support zone, which has acted as a major pivot in recent sessions. The Relative Strength Index (RSI) has climbed above the 50 line, signaling a potential shift in momentum toward the bulls.
– A potential double-bottom (W pattern) is forming, with confirmation only if price closes above the 90–92 neckline.
– Major support sits at 82–84. Holding this level strengthens the bullish case, while a break below could expose the stock to 76–72 as a worst-case scenario.
– Resistance trend line remains overhead. A decisive breakout above 90–92 would invalidate the bearish structure and open the path to higher targets.
– Volume analysis shows declining sell pressure, suggesting the recent pullback may be corrective rather than a trend reversal.
Targets Ahead:
• First target: 95–101 (key resistance zone).
• Volumetric target: 105.
• Extended target: 115, achievable if momentum sustains after breaking the neckline.
Conclusion:
KPROJ is at a pivotal support level. The bias leans bullish as long as price holds above 82–84 and RSI remains above 50. Traders should watch closely for a weekly close above 90–92, which would confirm a breakout and set the stage for a move toward 105–115. Conversely, failure to hold support could trigger a deeper correction toward 72.