NYSE:KGC Kinross Gold Corporation
KGC has recently recovered from a massive selloff but is showing signs of an uptrend. It has been following the 13EMA on a rise for the past couple of days and it recently retested it today and bounced back up. Although it shows as a red day, the close for today was higher than yesterday and thus exhibiting higher lows and a possible up-trend. My recommendation is not to buy s of this moment because there was an increase in the selloff of the stock but I would keep a close eye on it and if it breaks out of the then this would be a buy point. The is also showing that the stock is trading on the side and it is expected to keep on rising as it shows not current sign of descent. I am a new trader and looking to learn more, so any constructive criticism is welcomed!