Wedge long KCNHighly aggressive entry at bottom of wedge.
Hail mary exit at top of wedge. Reduced size, no confirmation on setup because there's not enough room to confirm the move.
KCN trade ideas
another gold miner setupKCN , like other ASX gold miners
is forming a nice setup for a breakout
triangle setup is looking pretty and
shows congestion has been 5 years old.
Expect it to crack $3 in the next 12 months.
not only to the rising gold price but
also KCN share price is being measured in a
depreciating currency.
kcn approaching strong support levelKCN looking like a buy at support level.
1.25
which is the bottom of the range trade.
It has come a long way off the top
of the channel of $2.
buy the fear. GOLD still strong despite
a retracement.
KCN facing resistanceMonth chart -
facing huge resistance @ $2.01
I;ll wait for a close above $2.01 so i can average up.
Day chart -
triangle setup has broken to the upside
but wait for $2.01- 3 to clear for confirmation.
no need to rush this trade.
both long and short term charts looking bullish
and GOLD will head higher as the Fed will keep
monetary policy loose. Fed funds rates will rise
but cheap money is still buying up those
Govt bonds.
the FOOT is on both the BRAKE + THROTTLE.
in the end the car will wear out and the market will implode.
$KCN - 15 month base, goldie. Hopefully ready now.$1.85 was my alert and pretty happy with the look of that price and volume action today. See if its ready. I'll give it a few days to find out.
KCN - triangle setupanother gold miner on the ASX
with a TRIANGLE setup
price has been congesting (moving sideways)
for a while now while buyers and sellers work it out
i think the sellers have been exhausted so expect a
big move higher when the break happens....
to the upside.
TARGET of circa $3.
2023 will be the year GOLD and its miners shine mofos
KCn breakout$2.90 is the next target,
after about 12 months of going sideways.
KCN has broken out to the upside.
load up more KCN.
so much upside.
buy the breakout$KCN looking strong today.
making new highs. still 2 hrs till close
but the green day candle looks good enough
to buy more.
KCN + GOLDmy daily chart on KCN shows a triangle setup
and the tip of the triangle will suggest
a date when the breakout happens.
interestng that the 2 trand lines meet
@ FEB 2022.. which is when i expect a break!
the GOLD price is also going to break
in FEB 2022 (see my other charts).
so KCN and GOLD will break out higher
in 2022..
Timing price moves is hard but i will do it anyway
KCN timelineKCN long term chart showing how it was unloved
when the Chatree mine closed and now its back up.
Market is showing KCN some love. Price has moved too fast
in a short time so expect some sideways churn
before the next move higher.
KCN is like MMLKCN chart setup looks good. the selling exhaustion can
be seem visually in the price chart. A very similar setup
to MML. Both short and long term EMA shows the trend
is up. now we hold till the next resistance level.
KCN strongmomentum is building and its going to retest the previous high.
buy more on that break out.
so many years of going sideways and flushed out the sellers.
now that the sellers are exhausted. only way is up
maybe good news on the thailand operations will
be revealed soon
KCN hourly looking very strongKCN making moves today while other ASX gold miners are idle.
hourly chart shows buying strength.
high risk gold miners like ASX get moving only
when the GOLD price bull run is in full run.
first the big caps move... (early stage)
second is the small caps.. (middle stage)
final stage is when all the gold explorers go crazy.
this will be the final stage of the bull run.
we are only @ the start of stage 2.
breakout confirmationKCN trade has worked
break out is now confirmed.
RSI looks overbought so expect a dip.
buy any dips coming your way and load up
on this baby.
Maybe news in thailand mine has changed
sentiment.
strong buy signalKCN. break out.
cup + handle break out on 2W chart.
break out on the daily chart too.
watch this baby run with the GOLD bull market.
possible Cup + handle formationKCN has potentially found support and has price has been
milling in the range of 12 to 60 cents for the past years.
more upside potential is coming. Will need XAUUSD to make higher highs.
Revisit this post in 2 years.😂
KCN breakoutconfirmation of breakout on 2W chart
for KCN. sellers have capitulated.. Now only buyers remain in the game.
KCN longKCN forming a constructive base around the 20 day line with price contracting/settling down on light vol. Also note base is also forming just below 50c round number; previous resistance.
KCN break out of the month down trend channelKCN has broken out of its down trend channel. Buyers have come to the party?
