Today we chart K.to or KGC.
I believe K.to has bottomed, and has put in an EW bottom as well. My EW count is shown here. I do not believe it was an ED, but a rather complex Primary 1 and Primary 2 correction, that fits all the rules. I have went through all the minuettes to reach this conclusion, and in regard to the bottom I have a monthly low signal that is in, about a big pivot at 6.1 Canadian.
The EW bottom is not confirmed, as the longer term RSI and WM's % R has yet to break a DT. The shorter term monthly momentum is turning decidedly up, which is a bullish sign.
So no margin yet for me on this stock. That will happen later, hopefully at the bottom of the ii of 3 up. We have a bit to go before that starts. I think K_to will experience some volatility in this area. No idea yet when the ii of 3 might occur, but I think it has a bit to go.
ttrader.com
Here is the daily, with a 3rd wave target projection of 25 or 37 areas being prime. I think K_to is going to blow em out and do the 37. It will not happen tomorrow, and will require some patience, to get all of it.
ttrader.com
Why is K_to likely to blow em out? Well, it is explained very well in this excellent piece by P. Zilhman. They have the goods already, plus they have had the fortune of being ran (imo) by an excellent CEO. They are going to obtain more goods.
gold-eagle.com
Now I want to focus on an excellent chart first posted by fuddle. I EW'd it, and this is a repeat showing.
This chart shows a huge running flat correction for junior producer companies, that looks to have completed. You don't have to be a genius to see the possibility of 5 waves down off the last big high. K_to fits into this category, more so than it does large caps. K_to is a not so small boy about to become a bigger boy, maybe.
ttrader.com
Additionally we have this chart, K_to divided by the HUI. One can see what is going on. K_to is gaining mo relative to the rest, ever so slowly. At the top of the 3 one might expect it to attain a ratio of .1 or so, with HUI 360 to 460. Do the math.
ttrader.com
I have saved quite a few posts, most center around the end of April and first of May timeframe. It was that period wherein a multitude of HUI 140 to even 120 predictions were being bantered about.
Well, time will show, but it looks to me like folks should have been accumulating these issues, during that time period, as opposed to talking about the sky falling in.
In the 01/02 run I made real nice profits by being over weight on about 4 issues; K_to, BGO, Drooy, and to a lesser extent CDE. CDE was not that good back then but okay. My largest % gainer was actually VGZ. (How much gold does VGZ own?). I think Coxe is correct, what works best in the first half of one decade usually works best in the second half. However, Coxe has opened the door to other possibilities. Each to his own to figure those out. Right now I like companies like K_to, BGO, Drooy, VGZ, HRG_to, etc. I like golda little better than silver yet, but silver will come on. Maund recently did an excellent piece on Silvercrest, which has an explosive chart. That is for later days.
We all have to make our picks. K_to is one of mine. |
