Jul. 9 at 4:17 PM
$KOPN
The level everyone ignored is now the level everyone is watching.
Back in October, the
$4.20 area was major resistance.
The stock finally broke above it in late April, which was a bullish signal. The mid-May retest held perfectly, confirming buyers were defending the breakout.
But the story changed over the last few weeks.
That same level has now flipped back into resistance.
This is why I always watch failed breakouts closely. A broken level can become a ceiling until buyers prove otherwise.
Right now,
$KOPN is stuck in a battle between reclaiming the old breakout zone or losing momentum.
No rush. Let price show the next move.
