KDR - Kidman Resources

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Don't you love these moves!
(especially when you hold already lots since BEFORE the breakout )



Have already taken some profit in expectation of a pullback. I wouldn't rule out the possibility of another little capital raising.

 

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Cap raising may not be necessary, given there are still 47M KDRO ready to be exercised, which would add over $7M to the balance sheet. (even though conversion can be delayed till 2018)

Taking Wednesday's candle as a bottom reversal, I have resumed buying yesterday.

 

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... and another promising breakout attempt.
I'm trading the oppies: Not quite as liquid, but better bang per buck.

 

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trying again ...



I hold.

 

[Magnum9]

As a first time investor with a view to long term rather than high volatility, I have been watching this for a while procrastinating about jumping on board. During that time it has gone from around 10c to a high of almost 70c yesterday. Think I missed the lithium bandwagon on this one.

 

[Working16]

As a first time investor with a view to long term rather than high volatility, I have been watching this for a while procrastinating about jumping on board. During that time it has gone from around 10c to a high of almost 70c yesterday. Think I missed the lithium bandwagon on this one.

I don't think you have missed the boat Magnum9, this stock is sound, but subject pumps and dumps,it is a good buy at around 54 right now. IMO.

 

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I don't think you have missed the boat Magnum9, this stock is sound, but subject pumps and dumps,it is a good buy at around 54 right now. IMO.

I agree - tentatively
KDR has a habit of issuing lots of upbeat Market Updates, which can, over time, lead to traders becoming jaded and going "ho-hum, another one of those..." Consequently, short-term traders - you mentioned pump'n'dump - jump on and take quick profit from the trusting less cynical hopefuls.
For reason of the above, I prefer to trade most stocks purely on technical analysis and wait till solid support is showing in my charts. (I do, however, check for announcements as well, but only as a trigger for heightened awareness that a new move may be about to start.)
If today's chart is anything to go by, 53c could well become a turning point. If confirmed, I'll start buying as well.




PS: KDR has options KDRO on issue. From the Appendix 3B I find the strike price (15c) and expiry (30 April 2018) which forms a base for some extra market sentiment: Are the options leading? That would mean traders get set for the mother to rise in the time until exiry. Or are they lagging? That would suggest traders doubt the long-term prospects.

 

[Working16]

I agree - tentatively
KDR has a habit of issuing lots of upbeat Market Updates, which can, over time, lead to traders becoming jaded and going "ho-hum, another one of those..." Consequently, short-term traders - you mentioned pump'n'dump - jump on and take quick profit from the trusting less cynical hopefuls.
For reason of the above, I prefer to trade most stocks purely on technical analysis and wait till solid support is showing in my charts. (I do, however, check for announcements as well, but only as a trigger for heightened awareness that a new move may be about to start.)
If today's chart is anything to go by, 53c could well become a turning point. If confirmed, I'll start buying as well.

View attachment 68575


PS: KDR has options KDRO on issue. From the Appendix 3B I find the strike price (15c) and expiry (30 April 2018) which forms a base for some extra market sentiment: Are the options leading? That would mean traders get set for the mother to rise in the time until exiry. Or are they lagging? That would suggest traders doubt the long-term prospects.

Great posts Pixel, still learning to read candlestick, but can pick out resistance levels at 54 and around 27.?
I just need to get the rythym right. Look forward to your next

 

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Calling the Lows of November and April a double bottom would probably stretch it. There are however some harmonics in the 8-month chart below, and between November and April, I detect a strong Bullish Divergence in the MACD section.

Zooming in to the latest couple of months, the Bullish Divergence is even more strongly evident, now spanning three Lows. And a Fibonacci Extension over today's breakout (which I bought into again) suggests some promising tentative targets.

The breakout level of 44c may be retested in a pullback and must prove holding support. If it fails, I'm out again.

 

[rnr]

Zooming in to the latest couple of months, the Bullish Divergence is even more strongly evident, now spanning three Lows.

Two great examples of Divergence:-
Bearish Divergence to exit a trade and Bullish Divergence to enter a trade.

 

[Porper]

Agree, divergence is a great tool, especially when it coincides with support/resistance. Bearish divergence in the banks on weekly charts a few weeks ago was a great chance to go short.

 

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Any update on the final judgement? His Honor ought to pull his socks up and award costs, so we can get on with it. Of course, if Kidman was rewarded costs, Marindi would likely fold anyway. Would our legal eagle be happy to be paid in KDR shares? (I would )

 

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http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01872849
so they won. Nobody doubted that, I guess.
But what the announcement doesn't mention: Who is paying the legal bill?
The way their chart looks to me, MZN is hardly in a position to even pay their own, let alone Kidman's.

 

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weekly chart has broken into Blue Sky

 

[peter2]

OMG you look at weekly charts too?
Just kidding, love your work.

 

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OMG you look at weekly charts too?
Just kidding, love your work.

You'll be surprised to hear that I also like "Both kinds of Music: Country AND Western"

 

[Boggo]

OMG you look at weekly charts too?
Just kidding, love your work.

Always worth a look imo

 

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[Boggo]

Next target area bound pixel or just an overshoot of the Typical W.3 ?

 

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Looks like coming back from $1.93. I'm off, waiting for support. No idea where that'll be.