KL respects the 50 crossing 20 ma. Bot directions. What i mean by that is if it crosses north , You most always have a Short term bull run, and like wise headed south followed buy a bear trend. Using the cross for where to gage my stop. Usually 2 ATR above.
Gold Silver Mining Stocks Breaking Out
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NYSE:KL
NASDAQ:SSRM
NASDAQ:PAAS
NYSE:GOLD
NYSE:SCCO
$KL KirklandLakeGold $SSRM #SSRMining $PAAS #PanAmericanSilver $GOLD #BarrickGold $SCCO #SouthernCopper #gold #silver #preciousmetals #coronavirus #stocks #stockstowatch #stockmarket...
Please don't take anything I say seriously or as financial advice. That being said, let me get into a few key points I want to make. Kirkland looking at the current bullish run and the previous negative correlation, I am predicting with the current buy ratings that one should do a short at $47.50 to mitigate the most risk and can reinvest later on or in higher...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
The Chart:
Looking at how this has been beaten down in the last year is quite something! After bringing an interim CEO in, consolidating the share structure and drilling out their properties, upside has started to be realized. Looking at last fall, a similar cup and handle came into play. Note, that this was without a rallying POG, and with a larger float. I...
Update from January.
Seems like Kirkland lake's announcement of 1 million ounces was enough to get the investors to keep rushing in and create support where there once was resistance.
If you are like me and it was enough to keep yourself into this play we now may want to stick around a little longer.
There are two ways to play this:
- Wait till the support line...
Kirkland lake has had a good run the last few years. Mining some very cheap gold in stable countries like canada and australia and increasing its output year after year, this darling has been a 10 bagger in just 3 years in a quiet gold market!
All good things must come to an end and while I foresee gold to still do good the coming weeks, it might be the last...
GOLD is going to be stale for a while if the overall stock marke can recover, but if not, I see gold taking a little corection into the green zone then back up to test $1360 if it breaks below and closes below on the daily I say we go further down and have to wait. If it does bounce here you may want to buy some physical gold here, and a good gold stock such as...
