Potential Bull flag, strong resistance switch support @ $4.34, expecting a rebound on the 12 of June upwards to $4.5 and upward
The commodity cycle turned. The company's shares turned to a long position. The company's performance improves, production increases, profit increases. However, the company still cheap! Enterprise Value/EBITDA 4.7 Debt/EBITDA 1 Buy $4, objective $25. That is 625% of the profits. I've confirmed to my forecast, my purchase. I bought shares and I will keep them...
Traders!! Kinross looks to be heading to 7.20. If gold continue to stay above 1200 then this target is achievable. Trade well. Leave your comments. Time will tell.
Kinross "KGC" NYSE "K" TSX Kinross has worked hard to restore its balance sheet after the disastrous 2010 purchase of Red Back Mining. What happened? Kinross paid US$7 billion for Red Back shortly before gold topped out above US$1,900 per ounce. The subsequent crash in gold prices and disappointing production from core assets meant Kinross had to write down...
looks great if we consolidate before, the primary trend is beautiful
Long on KGC, solid resistance on 4.95 it might bounce. Oversold, expecting buyers. Target at 5.30, stop loss at 4.73
While the blue count is my primary, price structure still allows the yellow alt Leading Diagonal (3-wave moves off the low) is viable even as low as 3.02. I've annotated the alt 2 as an a-b-c flat, but variation is certainly possible in corrective structures. A significant breakout on volume, confirmed by MACD making new highs, and I will take the yellow...
gold exploration huge upside relative strength good see in our book same name on amazon our diversification rules above cloud money flow rising lst large gold run exploration companies did outstanding long base
The box in this chart was placed prior to the (a) wave decline. Price touched it and reversed, so far. Possible that the (c) of ii was just the a-wave. I plan to enter a buy stop order at 3.36 along with limit buy orders at the 38.2 and 50% retrace levels. This is another high risk entry, but the risk is somewhat smaller than HMY. Trade safe my friends.
Possible Bearish Shark Be careful though! It's my experience that Harmonic is a bit more loose and unpredictable in Biotech. I'm long the stock right now. TWUC @BlawrenceM Follow me on twitter for intraday updates