There is virtually no trading in kxl being done so far today. It appears that no one wants to sell at this price and no one is prepared to buy. An equilibrium has been reached. The price of gold is not an issue either. The investing world is waiting for the next news release. So what is a believer to do?
If you feel that the next news will be good then you can feel fairly confident that buying here would be buying at a bottom or at least a strong support level. On the other hand if the next news is mediocer then 2.00 may be next.
Since there has been no insider buying or selling since December ,it would appear that even the insiders don't know what to do . Rico