KIST: Heavy volume above price looks like distributionKistos Holdings PLCLSE_DLY:KISTStockso_SimpleFor those not too familiar with my annotations, an annotation placed above price action generally signals negative sentiment from me, while anything below tends to be bullish. My first read here was negative. Price has approached a previous level with a large amount of volume behind it, and it’s looking exhausted, three upper wicks now rejecting around 330p. But something about the tight price action here leaves me a little uncertain. Might be the series of higher lows, can’t quite put my finger on it. At moments like this I’d rather just watch and wait, let the market show its hand. Could easily break out from here. Either way, it’s an important level.