Watchlist: Look for breaking upward Long

Kinross Gold CorporationNYSE

Description

⋅ Dec 20, 2020 8:19 PM

Possible move:32%
Reward/Risk: 3.24 (R/R>3 is Ideal)
Time frame: 2-4wks

This is just my technical view, not a fundamental comment..!

I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!

Comments

andylwp

⋅ Dec 23, 2020 4:11 PM

How do you forecast there will be break out upwards? Ascending wedge pattern? If you expect KGC to go up, only the release of QE will assist it. Other than that, people will put their money in other sectors, not gold stocks.

gleefulCamel34237

⋅ Dec 22, 2020 9:42 PM

I agree. Sold a couple puts on this today at the low.

Investroy

⋅ Dec 20, 2020 9:17 PM

Great chart work!🔥 More analysis to come?✍️