Katanga Mining Ltd Ord KATFF

KAT closes above 200 DMA with 7 times of volume

[Sogosohubidu201]

At close KAT is traded above 200 DMA with 7 times of 3 months average volume.  This is first time more than a year that KAT is closed above 200 DMA. KATFF is also with big volume, 5 times of 3 months average volume. No profit taking toward the market close.

Tomorrow and next week will be interesting to see whether KAT breaks through the resistance of 0.51-0.53.

[topdop]

yes, well stated @sogosohubidu201 but also as I predicted 8th Aug "the dog days of summer" ...and with that all the nut jobs, traders and momentum guys will soon be back here, just you wait and see. Does also make our purchases at CDN30.5c/share look pretty timely! These are my views only. Thanks for reading.

[Sogosohubidu201]

@topdop, great bought indeed at 30.5 cents and low 30 cents range for us and those shares may turn out to be 30 bagger or even 50 bagger 2-3 years when earning, free cash flow and momentum kick in with such a low float for KAT. Today at 53 cents it is still great buying opportunity with KAT and KATFF trading firmly above 200 DMA and the resistance at 51-53 cents cleaned out for KAT, technically

[Brandonrr]

Hope your right. I picked up more at .36 and liking the recent action