Rookie398476049358670
Long

KGC ready to explode

NYSE:KGC   KINROSS GOLD CORP
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Like many other stocks in gold mining sector, I believe KGC is now ready to explode MUCH higher compared to its current trading level. Daily chart shows that the stock has been building energy: bullish obv showing accumulation, bullish divergence on RSI and PPO , and the stock is testing its 50 day moving average.

Central bank decision will decide its near term direction. This week we have FED+ECB+BOJ. Will update on how things go. However I believe an impulsive breakthrough of the 50dma will be a highly reliable signal confirming that the stock is going to breakout.
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