Long term view for Kirkland Lake Gold (added Stan Weinstein)
Maybe it’s time for juniors to get some of that Kirkland Lake money ? I never like seeing a HUGE red candle on the monthly chart… It breaks a lot of bullish technicals on smaller time frames.
Do you play off a bounce on the 12 month moving average? Or you cycle your investment capital in newer, just breaking out assets, that aren’t tired or over extended? Until a close below the 12 month moving average… this is still bullish.
Edit: Adding a weekly chart Stan Weinstein analysis. If we close below week below 30 week MA, he would have you exit. NEVER hold a stock below it’s 30 week moving average.
BEST case scenario (if the higher trend and overall precious metals complex bull run helps this stay afloat)
WORST case scenario (if the higher trend falters …)
Thanks for the chart and analysis Patrick. Been holding this one for years and plan to keep it long term.
I may be wrong, but I consider it the 1000lb gorilla.
If I were to guess, short covering tomorrow and then consolidation for a while.
I added a Stan Weinstein analysis. If you had entered this play on his “investors method”, he would have you exit you position, if close below 30 week moving average.