KG trade ideas
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 Short PositionHi traders,
Taking a closer look at Kinross Gold Corporation, we can observe that it has formed a rising resistance line over the past few weeks, indicating a potential breakdown soon. The price has consistently formed higher lows, while encountering resistance around the same level,
forming the upper trendline.
Additionally, observing the Relative Strength Index (RSI) there can be observed a divergence. When divergence occurs it shows a weakness in the stock's price and potentially signaling a reversal in trend.
As the breakdown seems imminent, preparing for entering a short position at this stage
appears reasonable. The entry point could be slightly above the trendline, once the breakdown is confirmed.
Stop Loss: 7.33
1st Take Profit: 6.22
2nd Take Profit: 5.56
Final Target: 5.18
Short term trade on KGCThis counter has presented a short term LONG position for me. I entered around 5.02.
Please DYODD
$KGCBullish bat pattern.
3 rising valleys
At resistance/support zone.
Weekly HBD on MACD
Targets = structure points/3:1 reward to risk.
Stop = below $4.90
KGC long: end of wave 2Bullish case:
1. End of corrective wave 2
2. Price-RSI Divergence
3. Price-Volume Divergence
4. RSI double bottom
KKinross is about to enter into a W3:3 buy here . I still consider gold to be in a long term bull and Kinross is undervalued at these levels . A good deal at these prices .
Gold miners are looking good for a rally. Check out Kıinross golNYSE:KGC chart breaking out of a classic cup n handle pattern. Great to see a little shake out at the bottom of the pattern.
KGC short to $4KGC | Kinross Gold Corporation
Short to $4
Technically:
Finishing correction on wave C.
Next strong supporting level - $3.85
Fundamentally:
P/E 156.13
Profit Margin 0.20%
Cash-To-Debt 0.17
Kinross Gold Corporation (KGC) Short Sell? You tell me!Ascending and Falling wedge patterns identified. Without recent news with KGC or really any of the gold industry, this stock leaves us with a TA of what we believe could happen.
By establishing boundaries to protect yourself at the bottom, this stock could see a continued reversal out of the falling wedge established beteween 2020-2022. Or, the ascending wedge could cause a free fall below $4.00.
Let me know everyone's thoughts!
Kinross Gold - 6:1 Long w/ Multiple ConfluencesThe weekly KGC price chart looks juicy for swing traders and position players, or anyone in search of quicker gold-correlated returns than the metal itself offers (+/- 25%).
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
This chart was developed on the 1D frame and the entry was made on the hourly, and is here presented in the 1W version to accentuate the Trend Exhaustion Wedge w/in the Fib Space as fully as possible, albeit w/ some loss of detail.
In fact, I generally prefer to trade on lower timeframes, so I execute swing trades like this one directly via my bank, in lieu of a savings account (which is NOT financial advice, by the way). Furthermore, a tighter Stop Loss at $4.71 (instead of the $4.64 shown here) offers a 9:1 Risk-to-Reward ratio.
When it comes to most mining stocks, I tend to rely on pure price action based on tight line-work, with a minimum of indicators. Besides the obvious Harmonic W, a variety of patterns are on display here, including a descending Three Drives followed by an ascending version.
The profit and retracement targets are passively based on Fibonacci ratios, and dynamically based on the VWAPs anchored at the C-point of the harmonic pattern. A volume profile is also anchored there, although it will become less valuable over time on the 1D chart, and is already invisible on hourly charts.
One indicator worth noting, though, is the correlation histogram with First Majestic Silver; the periods of divergence should be especially interesting to lower timeframe prospectors. In fact, especially when I look at mining charts, I prefer to study their correlation either to the underlying asset or, better yet, to some other lesser-correlated asset in the same "genre".
I will discuss both Kinross Gold and First Majestic Silver in forthcoming videos and streams on strategic and/or monetary metals. This will give you an opportunity to see what these charts look like on lower timeframes, and to ask questions.
Until then, be liquid !!!
Kinross GoldSome of the best fundamentals of the entire mining space right here . K is a huge takeover target and recently rejected a takeover attempt by Endeavour Mining . The technical pattern is a super bullish running flat correction since 2016 that has recently completed . K stands to be one of the big winners going forward .
Kinross Gold Corp longNext to day and swing trading, I also manage a private funds. Always kept the two separate, but let me showcase some of my holdings that next to the fundamental implications, also have some interesting technical implications right now. Let me start of with Kinross Gold Corp.
Kinross is a mining company with a great balance sheet that could greatly benefit from a rising gold price.
Currently trading at $4.84 with in my opinion a price target of $7-$8 range or higher. My current average price is $3,54 and looking to add to the position based on technicals.
If you look at the chart, you can see clearly price broke out of a bearish trend channel and created higher lows on the downside, which might indicate we are in for a nice bullrun on this stock.
Looking for a correction on recent strong impulse and will add to the position if price does so.
Let's go!
KGC to $5.75I'm publishing this after the entry has already been triggered but it would be in the hopes of a re-entry if it drops back to $5.32 after hitting the mid-point target and you sell half your 4 lots.
The chart shown is on the 1D scale that I used to enter the larger chart that had triggered at $4.93.
It is entirely possible that this is the gold market and mining stocks moment where they don't look back anymore, but any weakness can be used to get long again.
Why is KGC gold only stock coming up today in my scan? Why is Kinross gold mining the only stock showing up in my scans today? It just seems everything has collapsed over the last 12 hours. This is the only one that meets volatile standards. Is there something strange going on in the markets that we should all be concerned about? Even this stock has been dropping since the market opened today. Is anyone else experiencing this? Thank you
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
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.
K LongEntry here on Kingross Gold. Looking for a run up the fib ladder, expecting a stop at the 200 weekly.
LONG $KGC swing long when confluence between downtrend channel and covid low 2020.
First target downtrend poc.
Stop below covid low.
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.
Gold Miner Breaking Through Demand Line Visible On The Monthly Just Like Gold itself i expect the Miners to experience severe Pullbacks in the upcoming Months
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.
