Kenon is up a bit on the day, funds flowing in kept the price up 1.92% since yesterday. KEN is currently at a weak resistance line, price may carry its momentum forward and break through or potentially reverse and head down lower. Hard to say, I probably wouldn't bet the farm on
that alone... The company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If the price breaks through the resistance level it will probably move up to the $83.25 where it may meet further resistance. If price gets rejected here and the short sellers move in, it may head back down to $58.32 where it may find support.
