KGC Mean ReversionOur mean reversion indicator is printing a long setup on KGC. Gold and miners also look to be in a good area for continuation.
KGC
KGC - a lot of upsideKGC broke the supply line.
We should see more upside on KGC.
3 targets are shown on the chart.
76 % to be made. Good luck
Getting close to another support level on $DJI, SCALPING onlyAs stated many times, in & out. Get as much as you can and then WAIT, be PATIENT IF you want to hold longer. It could be a while before we get another good longer term buy opportunity.
As stated before, SCALPING quick moves.
Most of these were not huge moves BUT Put premiums did lessen & provided 10-25% in minutes.
$MSFT went from 249 - 252
$ZS 106 - 108.5
$TSLA 170 -177
$COIN 53-55.2
$RUN 21.9 - 22.95
Picked up some gold miners $BTG $KGC Possible consolidation in the industry.
$DJI bouncing off Support levelEarly this open
RSI looks ok & is oversold. Not buy much but it's been a good amount of selling
Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades.
We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover.
Not looking for home runs.
We should have an okay day today but a lot of damage has been done to #stocks.
$MSFT $TSLA $ZS $UDOW $TQQQ $RUN
Beginning to nibble on #GOLD miners $BTG $KGC $FNV doing well today
KGC - Dominant Channel 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.
Kinross Gold (NYSE: $KGC) Wicks Thru 0.786 Fib Retracement ⭐Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
Kinross Gold (NYSE: $KGC) May Return To ATH of $32 Per Share! 🥇Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
KGC, The Barometer For Easing Tensions?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on February 10, 2022 with a closing price of 5.45.
If this instance is successful, that means the stock should decline to at least 5.39 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 8.029% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 12.591% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 21.953% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 20 trading bars, and one-quarter require at least 31 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
KGC - Leading diagonal in progress?From the 2016 low, we have a series of abc sequences. Assuming that the low is in place, this could lead to a big leading diagonal, currently in wave 4 which is yet to unfold. We need to go more to the downside to complete the C of 4, at the end we can have a bullish slingshot to go up. If it goes through the orange zone with an increasing speed, that would be a bad sign which could lead to a new low. The entire sequence must break the 11.20 level to confirm that the bull market has already began.
Technical analysis update: KGC (3rd May 2021)Bullish thesis is supported by crossover in Stochastics as it oscillates around low values. Furthermore, the RSI appears as it have already bottomed out and started its reversal to the upside. Fundamental factors in precious metals market are also in favor of gold minig stocks as price of gold is currently little below 1800 USD per ounce and continues to rise. Our medium term price target for Kinross Gold Corporation is 7.70 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
$KGC - Could We See $13 By This Year?Gold bottomed on March 8th, 2021.
born2invest.com
Kinross Gold's financials have also improved at a staggering rate since 2018.
2018 Financials:
$3.05 Billion Revenue
($22.40 Million) Net Income
-0.73% Profit Margin
2020 Financials:
$4.44 Billion Revenue
$1.41 Billion Net Income
31.86% Profit Margin
When technicals and fundamentals line up, long-term plays that match these criteria end up being my best performers. GLTA, and make sure to do your own DD before investing.
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, options, and money market funds involves risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Lots of confluence here. It's time for a retrace...We have reached the target of the fib .382 from the 2016 bottom
We have also reached the .618 of the fib from the march bottom
Great Confluence HereExpect a bounce. We have some confluence
-bottom of the primary trend line
-.786 fib retracement
-200DMA
-RSI 20 (during the last 2 years, every time we got this low, there was a considerable bounce)
Looks like up for the rest of the weekPrice and rsi trends have hit the bottom channel. Should move up to the top now. Could also accumulate along the bottom trendline for a few days before moving to the top.
BUY $KGC - NRPicks Nov 29Kinross Gold es un productor senior de oro con sede en Canadá, que produce aproximadamente 2,5 millones de onzas equivalentes de oro en 2019. La compañía tenía 24,3 millones de onzas de reservas de oro probadas y probables y 55,7 millones de onzas de reservas de plata a finales de 2019. Opera minas y centra su exploración de campos verdes y brownfield en las Américas, el oeste de Africa y Rusia y está ubicada dentro de las 19 compañías mineras de oro más importantes del mundo.
Lo más obvio es pensar que a medida que el optimismo sobre el avance de las vacunas ha mejorado en los últimos meses, la incertidumbre - que era uno de los factores de compra del metal - se ha ido reduciendo. Otro de los patrones en el último año ha sido la correlación indirecta entre la debilidad del dólar y la fortaleza del oro, la cual no ha sido vista en los últimos meses, porque ambos activos han venido retrocediendo (Este es un dato para observar). Pero aún así el metal ha respetado patrones técnicos desde el 2019 y beneficiado de un gran impulso por la pandemia.
En estos momentos el oro se ubica por debajo de su SMA 200 y probablemente sea lo que la mayoría de inversores esté viendo como oportunidad. Si el patrón se cumple deberíamos esperar la evolución de un nuevo objetivo para el oro, primero intentando recuperar los $2000.
Si esto se diera, las perspectivas para KGC mejorarían y sería beneficiado en las siguientes semanas logrando alcanzar los $8.50 por acción. Recordemos que estamos en el momento más especulativo del mercado, muchas distorsiones generadas a raíz de la liquidez, los inversores han venido mostrando patrones algo predecibles y podrían confluir en estos niveles.
