Nashwan

Inverted Head and Shoulder Formation

BATS:KGC   KINROSS GOLD CORP
144 2 3
From the chart seen its expected to target Oct             2013 High @ 5.30 this stock is infected with GOLD             direction ,hopeful that falling mine production in 2014 will help to bring supply closer to demand. All of the capital expenditures projects cancelled or deferred in 2013 will only create supply constraints further down the road, pointing to a stronger turnaround in the years to come. For me as long as Gold             above 1250 Once it is expected to see that KGC             will goes up toward 5.80 but first we need to see 5.30 , i would recommend buying the stock near the nick line if bulled back near 4.90 toward 5.30 and then 5.60
Miners showing a breakout. Divergences has me a bit timid, thinking this is a headfake.
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Nashwan
2 years ago
Target Hit :)
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