KCN 3.50% $1.33 kingsgate consolidated limited.

Kcn thoughts, page-56

  1. CHN
    724 Posts.
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    As most of you know I am here for a substantial re-rating of KCN once a settlement is reached, which seems likely,
    or an award is announced by the Tribunal. I'm looking for $5 plus per share and I acknowledge that maybe that is too
    modest given the scolding that I just received from Love God

    I also look at TA although not on a one minute basis which seems to be the priority of some who post here (NB that is
    not a criticism of short term traders - just an observation). The move up since late November 2020 seems to indicate that the
    correction is over and has been limited to a low of 66 cents.

    I'm looking at a three year chart and it seems to me that this move down from $1.15 to 66 cents is just short of a 50% retracement of the move up from 14 cents (Feb 2019) to $1.15 (Sept 2020). This is a normal and healthy retracement of action in KCN.

    I'd expect that the $1.15 high will be taken out soon.

    Cheers
 
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$1.33
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