KGC – Gold Miner Swing Setup

Reasoning:

• 
  []Part of the strongest group – Gold miners
  []Pullback to 50-Day MA after a strong run
  
• Late-stage base forming – ideal for a quick swing
  

Swing Traders (2-6 Week Holds)

• 
  []Buying rule: Use a buy stop above the breakout level to avoid false moves
  []Entry: Full position on breakout
  []Profit Taking: Sell 1/3 at Goal 1
  []Final Exit: Remainder at Goal 2
  
• Optional: Sell 30% at G1, 30% at G2, 40% at G3 if the trend keeps running
  

Selling is done partially because we never know what is going to happen — sell as money goes in your favor. – Mark Douglas