KIN

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5.7¢ kin mining nl

Mr Delta, Someone is watching your charts , there's a 300,000...

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HiHoAg

288 Posts.

22/11/17

13:01

Post #: 29018822
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Originally posted by mr_delta ↑

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
View attachment 832685

View attachment 832691

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
=========================================================

This brings into LEG 2 of this movement on which I base my 42c target now...

View attachment 832700

View attachment 832703

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...

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Mr Delta,
Someone is watching your charts , there's a 300,000 sell order appeared at 42c since this post , but
any roadblock can be knocked down in a rush .

KIN Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $67.15M

Open	High	Low	Value	Volume
5.8¢	5.9¢	5.7¢	$25.42K	443.0K

Buyers (Bids)

No.	Vol.	Price($)
3	157375	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	500000	1

View Market Depth

No.	Vol.	Price($)
2	57375	0.056
1	15000	0.055
2	28555	0.054
2	49282	0.052
1	20000	0.051

Price($)	Vol.	No.
0.058	500000	1
0.060	473782	3
0.061	294436	1
0.062	116949	2
0.064	87679	3

Last trade - 14.31pm 02/08/2024 (20 minute delay)

KIN (ASX) Chart

Mr Delta, Someone is watching your charts , there's a 300,000...

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Mr Delta, Someone is watching your charts , there's a 300,000...

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Cost blow-out for Rook I uranium project sees share plummet for NexGen

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