KIN 3.85% 5.4¢ kin mining nl

Though it would be a good time to put up a few charts for...

  1. 1,643 Posts.
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    Though it would be a good time to put up a few charts for KIN.
    Here is my trading chart. A summary of my opinion is at the bottom.
    I originally bought this one at 5.3c in April when it was sitting on trend and looked ready to really break out after the earlier false breakout.
    Have since taken 150% profit off the table and still hold my original stake in this stock (value wise). One of my best timed moves in a long time.
    .
    https://hotcopper.com.au/data/attachments/2243/2243873-1090742afe6e4094e5424b1d4299e91b.jpg
    .
    The short term chart clearly shows the consolidation pattern being filled in.
    .
    https://hotcopper.com.au/data/attachments/2243/2243940-68591b475b7494665e0c6c08a4dd8607.jpg
    .
    And here is the accumulation/Distribution chart.
    .
    https://hotcopper.com.au/data/attachments/2243/2243979-4e153a329422a23c4b05c9b89e1f7c30.jpg
    .
    You can see the A/D starting to roll over though there is a small spike up at the end.
    One reason I have put these charts up here is consolidation patterns are being repeated across multiple stocks including producers.
    The reason I am still very cautious about the sector.
    There are always outliers with a few short term breakouts yesterday. Will probably be more today.
    Another reason is to show how beautifully P&F charting can perform.
    I will be holding and not buying more as free carried. Profits have gone (hopefully) into the next best set up I could find.
    For KIN, and this is not advice but how I would trade, a break through the short term trend with a higher high is an excellent re-entry point.
    The stock would be rising from a double bottom and once resistance goes on both charts, could motor on up.
    A spike up on the A/D, which appears very possible, would also be a fantastic indicator of the next move.
    I rarely time these so well. The joy of trading juniors.

 
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Last
5.4¢
Change
0.002(3.85%)
Mkt cap ! $63.62M
Open High Low Value Volume
5.3¢ 5.5¢ 5.3¢ $52.51K 973.3K

Buyers (Bids)

No. Vol. Price($)
1 115718 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 50000 1
View Market Depth
Last trade - 14.15pm 28/06/2024 (20 minute delay) ?
KIN (ASX) Chart
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