One of the favourite oil & gas stocks, KS Energy is known for its explosive rise and subsequent very gradual decline. It reached its all time high in aug'05 
with a 2 month explosive rally and subsequently took the next 5 months to retraced 61.8% of its gains. After touching its long term uptrend support in jan'06, it began its rally again which lasted 4 months to reach another all time high. This time it took 3 subsequent months to retraced 61.8% of its gains at 1.98 which will now be a good support. On 7th July'06, it broke out
with high volume to reach a high of 2.15. It is now in a new uptrend channel which may led it back to the 38.2% retracement from its high at 2.28. Positive sign will be a close above 2.16 with high volume. At the moment, it is likely to pullback, supported by its new uptrend channel's support line.
with a 2 month explosive rally and subsequently took the next 5 months to retraced 61.8% of its gains. After touching its long term uptrend support in jan'06, it began its rally again which lasted 4 months to reach another all time high. This time it took 3 subsequent months to retraced 61.8% of its gains at 1.98 which will now be a good support. On 7th July'06, it broke out
with high volume to reach a high of 2.15. It is now in a new uptrend channel which may led it back to the 38.2% retracement from its high at 2.28. Positive sign will be a close above 2.16 with high volume. At the moment, it is likely to pullback, supported by its new uptrend channel's support line. 
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