KIN Chart, page-9

that C&H breakout worked quite as expected - in fact a text book breakout and target of 34.5c reached ( expected 35c)...

been watching the low volume retrace from the 34.5c ==>30c and that brings me to another VERY VERY INTERESTING formation in place here...

posting two charts and two Fibonacci retracements and extensions here for a proper understanding and explanation of why I think 42c is now in play here - YES 42c target this side of November ...

Leg 1 of this




so the calculation for LEG 1 is as under:

26/10 - 25.5c LOW
02/11 - 30c HIGH
07/11 - 27c retrace to 61.8% fib level ==> this gave target of 34.28~34.5c
13/11 - 34.5c 161.8% Fib extension reached
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This brings into LEG 2 of this movement on which I base my 42c target now...





Calculation of Leg -2 is as under:

07/11 - 27c LOW
13/11 - 34.5c HIGH
15/11 - 30c retrace to 61.8% Fib level of 29.865 ~ 30c
XX/11- 42.135 ~ 42c target at 161.8% Fib extension as per previous target of 34.5c

Hope this explains my train of thought... I have seen this play out very well in the past and have been putting them on HC in the past... (did it for AAR - another goldie from 2c ==> 8c recently and that worked to perfection)...

let us see if the 42c target is reached - imo before the end of Nov 2017... let us see if this is true...

as always, comments welcome and of course, no financial advice given... please dyor...