SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Barber From Seville who wrote (3675)4/26/1999 12:13:00 AM
From: High Grader  Read Replies (1) of 5206
 
I have been lurking around the KRT thread for a while and thought I would share an Elliott Wave chart. EW often works very well and even though KRT is a penny stock, it may be developing a nice pattern that can be useful to all concerned. The Fibonacci target levels are often points where the stock stops reverses then moves up again. If KRT moves up and goes above the red wave "I" label in the chart then the action should be fairly close to what the chart projects.

As Fibonacci levels are penetrated look for the next one as a target. The 1.62 level at 1.97 is a likely target for wave three. Timing it is bit more complex, but look for the Aug 18 date for some sort of pivot, give or take a day or two.

Please read my disclaimer and trade the market, not the forecast. Good luck all.

Chart is available at

elkvalley.net
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News