KL and the 20 50 ma crossingsKL 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.
Kirklandlakegold
KL 111% ROI BUY (LONG)it's a great place to go long here! Gold & Silver should resume uptrend and this is a great stock to ride that wave for some added leverage
Long setup on KL targeting wave (5) Upside Looking to place some longs on KL as this stock is setting up for a wave (v) increase into the 70-71 range.
Gold Silver Mining Stocks Breaking OutGold Silver Mining Stocks Breaking Out
Go to the Invest2Success Blog and or Contact Me for the Details
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 #wallstreet #nyse #sp500 #investing #investors #trading #traders #elliottwave #markets #finance #economy #technology #financialforecast #medical #healthcare
KL: $47.50 Short Target: Bullish TippingPlease 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 growth stocks, as I am worried it may start meeting a resistance curve.
LONG KLExpecting 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.
BTR BTR.V Completed a cup and handle - ready for more upside? 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 remain very bullish going forward!
Brief Background (follow up with your own research!):
This is, by all indicators, a very technically sound gold play in the heart of the urban windfall area.
They hold the only mill in the area. $OSK is located in the same camp (no mill though). BTR has defined approximately 2.1 Million ounces in the ground. Highlights include three flagship deposits, one of which, remains open in all directions.
KL.TO has invested into the recently closed private placement. This private placement raised a massive 32 million. Share count is small, and held tightly by all indications (level 2 is extremely thin - insiders have kindly purchased on the market at times as well).
Greg Gibson recently appointed CEO, a friend of Eric Sprott.
Kirkland lake blowoff phase 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 gets broken to the downside.
- Wait till blow off leads to valuations significantly above support line. At the time I would say it would be significant if we see a move above 50 CAD.
Gold mining darling in last phase of its bull run?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 hurrah for this gold stock.
Even at the high end of their production target they will only produce 800000 ounces in 2019.
Granted they usually outperform their targets but at 37.4 CAD, the company is valued at 7.85B Cad or 5.85B USD.
At a gold price of 1285 USD that is a production worth of just over 1 Billion USD. It is very rare to see a gold miner trade at 6 times its output.
For comparison Barrick will produce about 5.8 million ounces next year and some copper worth just over 1 Billion dollars for a total output of around 8.7 Billion.
This compares with its 20.8 Billion valuation which is slighty over twice as high as its production.
Granted Kirkland's mines are top quality more than Barrick's but one does pay top dollar for these shares as well. My expectation is one last run higher before a longer period of cooldown.
Depending on the gold price, this correction could range from bad to worse.
$xauusd $gold looking for another mover down to the buy zoneGOLD 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 $KL or a streamer such as $ssl
