Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Thursday, March 29, 2012
KGC Kinross Gold Miner Daily Chart Oversold Falling Wedge Positive Divergence
Daily and weekly KGC charts are set up with positive divergence as the green lines show. The blue lines show a falling wedge vibe. Oversold stochastics also point to a strong bounce coming at any time. Of course with knife-catching price may fall further but KGC should not cut too badly before a launch occurs. Initial targets are the gaps shown with the neon green circles. Keystone started buying at 9.70. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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