Potential One-to-One projection drop on KNC. Short to ~$3.00

KNC has had a steady bullish trend from late February to April 28th where it began it's decline below the trend. Max height above the trend line appeared from Marth 8th - March 10th. A one-to-one projection of the distance that price has moved farthest from the trend line from the break out would allow price to bottom out very close to the target falling to an area previously acting as resistance.