KGC broke the supply line. We should see more upside on KGC. 3 targets are shown on the chart. 76 % to be made. Good luck
As stated many times, in & out. Get as much as you can and then WAIT, be PATIENT IF you want to hold longer. It could be a while before we get another good longer term buy opportunity. As stated before, SCALPING quick moves. Most of these were not huge moves BUT Put premiums did lessen & provided 10-25% in minutes. $MSFT went from 249 - 252 $ZS 106 -...
Early this open RSI looks ok & is oversold. Not buy much but it's been a good amount of selling Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades. We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover. Not looking for home...
Which Channel will be dominant? The longer one in red or the shorter more recent one in white. I have plotted a bars pattern showing the red channel acting dominant This allows for a movement down to the middle line of the channel.
Like most gold miners, NEM is losing the upward channel. Prices are locked in a big range since the 80's. Seems that we are headed towards the ML of the macro channel confluent with the monthly log GZ long, after a potential triple top (!). Why isn't NEM pumping if Gold prices bottomed? Please like and share if you appreciate this market update. We are...
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and...
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on February 10, 2022 with a closing price of...
From the 2016 low, we have a series of abc sequences. Assuming that the low is in place, this could lead to a big leading diagonal, currently in wave 4 which is yet to unfold. We need to go more to the downside to complete the C of 4, at the end we can have a bullish slingshot to go up. If it goes through the orange zone with an increasing speed, that would be a...
Bullish thesis is supported by crossover in Stochastics as it oscillates around low values. Furthermore, the RSI appears as it have already bottomed out and started its reversal to the upside. Fundamental factors in precious metals market are also in favor of gold minig stocks as price of gold is currently little below 1800 USD per ounce and continues to rise. Our...
KGC Broke above the 20 MA weekly last week. This week backtesting it. Easy risk management with stop under the Moving avg.
Gold bottomed on March 8th, 2021. born2invest.com Kinross Gold's financials have also improved at a staggering rate since 2018. 2018 Financials: $3.05 Billion Revenue ($22.40 Million) Net Income -0.73% Profit Margin 2020 Financials: $4.44 Billion Revenue $1.41 Billion Net Income 31.86% Profit Margin When technicals and fundamentals line up, long-term plays...
We have reached the target of the fib .382 from the 2016 bottom We have also reached the .618 of the fib from the march bottom
Also hit .618 of march low to top
Hence the reason you're supposed to wait till candle close to confirm the breakout. Still has time to reverse by end of day though so let's see what happens.
So let's see how significant that support level was and that we closed above it and rallied after their earnings call. This support resistance line has been of importance since 1994 !!!! Hidden Bullish divergence on the weekly played out like a mofo ! original post was jan 26th ! : ok so i was a little too early :)
Finally ...been waiting forever it seems. Finally got the breakout today....still need to make sure candle closes above but def a good sign...and back above both moving avg's.
Getting close to looking like it wants to breakout...had a nice bullish hammer on last weeks candle. Still showing hidden bullish divergence on the weekly time frame and the Mac D histogram is still waning towards positive momentum. Earnings are in a few days though and that always adds a little risk element but so far looking real good.