KMKCF Daily
KMKCF Weekly
Tom Bishop, who generated this idea, has justed named KMKCF his Stock Pick for 2010.
Looking at the above charts, by now most of my readers should recognize the Advanced GET Mechanical Trade #1 Set-Up (a/k/a Wave 5 Buy Signal) on the Daily chart. A move above $2.04 will trigger the Buy Signal.
Targets on both Daily and Weekly charts are in the $3.50 - $3.75 range.
"Continental Minerals (KMKCF ($1.97), which I believe is a juicy takeover target, is located in Tibet/China and has proven up 220 million tons of measured and indicated reserves in its high grade-porphyry copper-gold Xietongmen deposit grading 0.43% copper and 3.9 grams of gold per ton. This translates into 2 billion pounds of copper and 4.3 million ounces of gold. A feasibility study has been completed and the project has received all 16 sub-approvals and is now in for final approval. In addition the Company’s Newtongmen deposit, a couple thousand feet away and drilled off more recently, sports another 2.8 billion tons of copper and 2.3 million ounces of gold and 11 million ounces of silver. "
Looking at the above charts, by now most of my readers should recognize the Advanced GET Mechanical Trade #1 Set-Up (a/k/a Wave 5 Buy Signal) on the Daily chart. A move above $2.04 will trigger the Buy Signal.
Targets on both Daily and Weekly charts are in the $3.50 - $3.75 range.
3 comments:
Many thanks, Allan for this one.
$2.05 here we are! '.'
hmmm....is that a december 3 "full moon reversal" I see on that daily chart ?
interesting.
Thanks for the update on this .It looks like a winner.
Still,I want to wait for a little more pullback. i'm stupid that way.
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