Katanga Mining Ltd Ord KATFF

Up 40% this week

[Sogosohubidu201]

KAT was up 40% this week and broke through 20 DMA (day simple moving average) and 50 DMA, but failed to break through 200 DMA. The bottom looks definitelly in around 0.30. It looks to be the beginning of the long term uptrend. The share price started consolidation process today and may pull back further to consolidate in the range of 0.40-0.45, forming typical uptrend of higher low in the next few days or weeks, before moving up again.

It is a good week. Everybody has a good weekend.

[SStoktikk]

I agree , sold at .52,51 and .485, you’re right it was a great week, I’ll be there at .40 to buy it back, cheers.

[MrIceman]

Should I wait for .40, too? Is it too early to buy at .45?

[SStoktikk]

Back in today,myself

[MrIceman]

Me too: I bought 37k shares two minutes ago.

[MrIceman]

Finally, I got just 42k share. All buying during the last six minutes of the trading day. (All buying by Pershing Securities broker).

[MrIceman]

I waited for KAT to hit 0.59 (50 day EMA on weekly data). It only got to 0.53 intra-day on Thursday and Friday. It seems that you guys are using correct moving averages. Then again, if I was a buyer at .49 on Friday, I bought 70k shares on Friday, I might buy some more today :D This is a stock that keeps on giving great buying opportunities.  

[MrIceman]

I got my buy order filled 50 minutes into the trading day. I bought 28k share at 0.42. Today, the volume is just ridiculously low. There are no buyers nor sellers. Nobody is stupid enough to sell a single share at this price level, yet nobody seems to be interested in buying KAT at 0.42 even if KAT should be trading at around CAD 2, and have a market cap of CAD 4 billion. With no production at

[Sogosohubidu201]

I have order of 22k shares at 0.415 today and it took a whole trading day to get 13k shares filled at 0.415. $2 target by the end of 2019 is too aggreesive. $2 price target by the end of 2020 (next year) will be more likely.  I have share price target of $0.8-$1.0 by the end of 2019. The consolidation at $0.40-$0.45 is almost done as indicated by very low volume today. It looks to be in the

[JanineK22399HH]

sold 20% at .50 to make some loss to balance tax on other tech stocks gain...bought back @.42   it looks to me that minority shareholders are doing this whenever it hits .50 - don't like this low vol. trade! Thanks for the tax refund on loss, lol

[MWAZH12]

I bought some shares of KAT back in November 2018 @.45 and it hasn’t moved a lot ever since. Anyway I bought a new position today @.44 and will literally wait and see where this stock is heading to. I’m still young and confident that it will/can go above $1.00. Thanks for your interest comment. It’s much appreciated.

[MrIceman]

Yes, it was a good time to buy last week. I'm happy with my position right now. It feels good to wake up in the morning ja see how your portfolio is doing: yesterday KAT was up 13.64 % with decent volume. A lot of buyers out there, and more will follow once they realize what's going on. Technical analysis looks bullish both on daily data and weekly data. I hope this lasts, and what we are

[MalayalamFTW]

I also bought before the rush at the lowest levels. The current run is long overdue, but the copper and cobalt prices are still very low. We might see a corrective pullback after earnings or a boost with a small China-US trade deal. I'm optimistic and bet on a stable trend upwards.

[Lech1988]

All cobalt stocks soared then, there was nothing specific to KAT.