Hi traders,
Taking a closer look at Kinross Gold Corporation, we can observe that it has formed a rising resistance line over the past few weeks, indicating a potential breakdown soon. The price has consistently formed higher lows, while encountering resistance around the same level,
forming the upper trendline.
Additionally, observing the Relative Strength Index...
Kinross is about to enter into a W3:3 buy here . I still consider gold to be in a long term bull and Kinross is undervalued at these levels . A good deal at these prices .
Ascending and Falling wedge patterns identified. Without recent news with KGC or really any of the gold industry, this stock leaves us with a TA of what we believe could happen.
By establishing boundaries to protect yourself at the bottom, this stock could see a continued reversal out of the falling wedge established beteween 2020-2022. Or, the ascending wedge...
The weekly KGC price chart looks juicy for swing traders and position players, or anyone in search of quicker gold-correlated returns than the metal itself offers (+/- 25%).
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
My trading tactics - including the beauty of...
Some of the best fundamentals of the entire mining space right here . K is a huge takeover target and recently rejected a takeover attempt by Endeavour Mining . The technical pattern is a super bullish running flat correction since 2016 that has recently completed . K stands to be one of the big winners going forward .
Next to day and swing trading, I also manage a private funds. Always kept the two separate, but let me showcase some of my holdings that next to the fundamental implications, also have some interesting technical implications right now. Let me start of with Kinross Gold Corp.
Kinross is a mining company with a great balance sheet that could greatly benefit from a...
I'm publishing this after the entry has already been triggered but it would be in the hopes of a re-entry if it drops back to $5.32 after hitting the mid-point target and you sell half your 4 lots.
The chart shown is on the 1D scale that I used to enter the larger chart that had triggered at $4.93.
It is entirely possible that this is the gold market and...
Why is Kinross gold mining the only stock showing up in my scans today? It just seems everything has collapsed over the last 12 hours. This is the only one that meets volatile standards. Is there something strange going on in the markets that we should all be concerned about? Even this stock has been dropping since the market opened today. Is anyone else...
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.
