Technical analysis by U-Singh about Symbol KAS: Buy recommendation (7/28/2025)

Timeframe: 1-Day and Weekly Charts Current Price: $0.097946 (as at July 29, 2025) Pattern Analysis: Weekly Chart: Potential double bottom pattern with lows at $0.0527 and $0.0545, and neckline resistance at $0.098995. Current price of 0.0979 [as at 29th July 2025] is testing this neckline. A breakout above $0.0990 with strong volume confirms the pattern, targeting $0.1453. 1-Day Chart: Cup and handle formation in progress. Handle resistance at ~$0.107196, support at ~$0.098851. A breakout above $0.107 could signal bullish continuation. Trade Idea: Entry: Enter long position on a confirmed breakout above $0.0990 (weekly neckline) with strong volume. Target: $0.1453 (calculated from double bottom height added to neckline). Stop Loss: Place below $0.0950 to limit downside risk. Risk-Reward Ratio: ~1.95:1. Action: Monitor for a close above $0.0990 with high volume to confirm entry. If price falls below $0.0950, reassess for potential invalidation of the bullish setup.