Demand Zone below Sideway Consolidation
Entry 7
Stop 6.5
Target 10
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Morning DOJI star at the bottom of the channel and touching one of the most important support levels makes kinross an easy buy for 20% gain. (R/R: 3.52)
Lets see...
If it rises to the top of the channel. That would give it a whopping P.E. of 14
Not bad considering earnings growth of 25%+ over the next 5 years
Also nice dividends...
Most of the miners should be bought on any and all dips...
As usual, demand for Gold mining stocks has risen with the ore rally. Mining stock such as KGC has outperformed major gold/silver mining ETFs and completely obliterated gold/silver ETFS since March.
It is a higher risk and higher reward play for investors who want to ride the gold/silver trend.
EV/EBITDA TTM, Price/cash flow TTM and many other valuation...
Kinross has all the can slim traits. Its also in a confirmed uptrend and has a low pricepoint.
Its easier to double a $8 stock than a $29 stock(like Barrick Gold).
parabolic move going on here, set the SL at the level that provide resistance the last week in July, TP set at high set back in oct 2012....love me the gold stocks right now!
Show Me the Money! 29 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital
One of less talked-about but more potent beneficiaries of this year’s gold rally Kinross Gold (KGC) is scheduled to announce Q2 earnings results today, on July 29th, after market close.
The consensus EPS Estimate is 13 cents and the consensus revenue estimate is around $1...
In my last post I didn't go in depth into the company and what differentiates them from everyone else.
Their business has not been impacted by the coronavirus like other gold miners. It has not slowed down it's operations (see their website for more details).
KGC has gained 89% while the industry as a whole has only risen by 49.2%. Having gone relatively...
