KNC on the 1hr is now at a point of resistance around the 2.85 area. Lots of momentum, but I am watching the fast-moving average creeping into the overbought zone of the oscillators. If it proves correct, then we should see a retracement back to the 2.84 area. But if KNC can move past the 2.95, then it has room to 3.08, then 3.19.