MomentumJust posting some thoughts I've had since watching this stock. I'm kinda new in K (mid last year) but it seems to me that momentum traders are watching and trading this stock heavy... and to the negative of the NQ / DOW...
This may be a good thing for K in the coming months as earnings are now pouring in and not looking good... With the overvaluation in the NQ / DOW -- along with other world events ie terrorism, Argentina, etc. I think that the potential for K (and most gold stocks) is going to be stellar.
Chart watching lately has proven an exercise in folly except for momentum charts. The momo traders come in and run K up to some logical stop point ($1.25, $1.50) usually $.10 or $.15 up and then support locks in a bottom just below... Stochastics are topped but have been for a couple of weeks now... Wires are starting to bend up and sentiment seems to be growing... Lots of overhead, so we'll see where we head in the next little while... My guess is we need the stock to recoil here if nothing else but to get the stochastics down but as seen with the NQ and DOW once the herd is moving they're hard to stop...
Just a few thoughts and MHO.
Good luck :-)
Max the dog