KGL 4.17% 11.5¢ kgl resources limited

Ann: Further high-grade copper, silver & gold at Reward Prospect, page-16

  1. 3,471 Posts.
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    Hello @Hingdog

    If i can be a little more precise.

    IMHO there is a cup and handle formation, with a handle well and truly into its formation.

    The cup: high of 46 on 31/07/2014 The low of 8.5 on 24/02/2016  Recent high of 43 on 31/03/2017 to complete the cup formation

    I have offered two clacs based on daily intraday and weekly EOD data

    46 - 8.5 =37.5 37.5 +46 = 83.5 cents (intraday data)

    42 - 8.7 = 33.3 33.3 + 42 =75.3 cents (weekly end of week data)

    Weekly pivot point was on 24/03/2016 which commenced and confirmed start of the upward trend.

    This has a good leg up to come IMHO
 
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