RE:RE:RE:RE:RE:Weekly TA of KLoldfx1 wrote: Lemboy wrote: Oldfx1, judging from your TA and your comments it is OK now to buy KL with eyes wide open for potential floor trap door. Thanks for your unbiased TA.
I could walk you through it but if YOU can't see the Buy signal there is no point in me pointing it out, you'll never see it
Firstly what KL's chart gave us was a KEY support Zone at $40 as I wrote March 26th = I've got enough capital set aside to buy 1000sh of KL when/if I get a Buy signal....Support is Holding unlike at $60...$48...I bought 250sh at $41.50 this week with 1 eye on the EXIT = Weekly CLOSE below $40 Last Thurs (Fri Holiday) the Weekly KL chart gave a Buy signal as the TSI turned positive 1st time in 8 months and a CLOSE above SMA@8...so you tell me am I long 1000sh ???
Could a Chop-Pop-Flop unfold sending KL below $40 = SELL...sure! but my losses will be MIN....vs watching KL fall from $75 to $40 watching ones Capital decline...did Fundamentals / Opinions give a SELL signal at $69...TA did = REALITY
Thanks oldfx1, I understand the TSI gave signal last Friday and this week we got over the 8 week SMA. I keep following your charts I now understand the importance of weekly TA in relation to buy/sell signals. GLTAL.
https://stockcharts.com/h-sc/ui?s=KL.TO&p=W&yr=0&mn=8&dy=0&id=p16717704478&listNum=1&a=905666027