Although Barchart has it as a 96% STRONG BUY, they caution as follows:
"The Barchart Technical Opinion rating is a 96% Buy with a weakening short term outlook on maintaining the current direction.
Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be...
Quick idea about best performer in Gold mining sector. I looks like it is building Wyckoff distribution pattern. It is too early to be 100% sure BUT be cautious and take profit or hedge. Short scapling also very good here. I also just published supporting Gold idea.
Recent earnings from NYSE:KL were a blowout and just continues the great growth within this company. The price is currently consolidating after such a bullish run this year, and is in a bullish ascending triangle pattern, set alerts for a break above $36 for a possible entry, if market sentiment improves.
Tony Makuch President and CEO recently commented."Kirkland...
Tariffs are going into effect, and what worked before doesn't anymore. Unless we come out with a surprise deal (news quotes are supporting that), it's going to be the second correction wave that the bears have been growling about since January.
Materials are a good defensive sector, and gold miners particularly. Gold has a tendency to rise in market corrections...
This stock pulled back after a nice ER surprise. It has been on a nice run outperforming the SPX by a good margin even before the ER. Looking at a swing trade as it heads towards top of channel in a few weeks. Taking partial profits in $36 range.
Edit: I see it is hard to see the price levels when the SPX compare is turned on. Key support levels drawn are: green...
KL: Kirkland Lake Gold Ltd.
Kirkland Lake Gold Increases 2019 Production Guidance to 920,000 – 1,000,000 Ounces, Fosterville Mineral Reserves Increase 60% to 2.7 Million Ounces at 31.0 g/t
Using the analysis of this stock, I can see that it is at the top of it's channel trend. When that happens, it is ready to begin to drop. Also using harmonic patterns, we can see that the most the stock will reach up to is $28. Using gold analysis, (which moves the price of this stock) you can see that gold is also ready to drop.
I have also bought an option...