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.
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The short term chart clearly shows the consolidation pattern being filled in.
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And here is the accumulation/Distribution chart.
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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($) | Vol. | No. |
---|---|---|
5.6¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 115718 | 0.053 |
3 | 237479 | 0.052 |
2 | 125000 | 0.051 |
4 | 460000 | 0.050 |
1 | 96000 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 249798 | 2 |
0.059 | 335000 | 2 |
0.060 | 155989 | 2 |
0.062 | 48000 | 1 |
0.064 | 59166 | 3 |
Last trade - 14.15pm 28/06/2024 (20 minute delay) ? |
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