KAL 9.09% 2.4¢ kalgoorlie gold mining limited

chart for comment

  1. 17,280 Posts.
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    I am a keen amatuer chartist. I know enough to be dangerous. In fact I am so dangerous there was this one time whilst trying to plot a chart I accidentally set the curtains on fire. So I post this chart of KAL for comment by those more knowledgable than myself.

    Martis claims he sees a rectangle forming. I have no doubt about Martis's charting abiliy. But I think I an seeing a pennant which is getting very pointy. When a pennant reaches a point it will usually break out either up or down. But given the fundamentals surrounding KAL IE rising resource ounces, approaching JORC report, I am inclined to very much favour a breakout to the upside.

    what do y'all think ??

 
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