CryptoCrusader

Kinross Long Swing

Long
NYSE:KGC   Kinross Gold Corporation
Looking at the monthly time stamp for KGC we can see that there is a potential pattern formation indicated by the black boxes on the candle stick chart. However to back this up further looking at the monthly rsi levels we can see a pattern forming indicated by the red boxes on the rsi chart. On the initial wave a bull run with a high of nearly 30 was achieved. Im not anticipating a run quite that high, if at all, however I believe a great profit taking area would be around $5.5 and $7.25 respectively. When the moment comes it will be easier to see where the momentum is going and if profits should be reinvested at varying buying levels if a pullback were to occur.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.