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KIM - Kimberley Diamond Company

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TjamesX

TjamesX

Joined
15 September 2004
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Recent price movements have been very good - current price $1.04;

Tech/Rich kid can you guys provide some T/A on the chart??

This is a bit of a risky one - company has ambitious expansion plans, recent placement at 88c has been completed (I believe), AMP have recently become a substantial holder.

Purchased a few 1000 today @ $1.02, may purchase more on further FA...

Any other followers??

Cheers
TJ
 
Re: KIM - Kimberly diamond

Here's a very rough chart, I don't know what it means yet, looks positive. Still playing around. I'm hamstrung by not being able to see long/med term bar charts on this software, only shows lines so I can't plot long trends.

Look for break of resistance at the top line there. That big fall last year (edge of chart) was because mgmt changed their story in a short time about investment profits. It was headed for big things. Looks like the base is done, volume and continued rise will confirm it.
Please, please remember that I'm a beginner at T/A so it's best to wait for TechA to post a chart or even GP as they have easy charting capability on their software and would also know more than me. I'd hate to think you're relying on my charts alone, some of mine are really dodgy! BUt I think I'm improving so here goes the chart, good practise till I get it right anyway, price may be trending up in a channel, maybe a minor correction, just a guess:


,,,,okay, it hasn't worked. I'll keep trying. Watch for higher highs with volume.
 

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Re: KIM - Kimberly diamond

Good Work RK,

Your TA is more experienced than my eyeballing of charts!!, my post was more just to get the chart up for all to see - as I don't have charting software... so good stuff

Looks like there's reasonable resistance @ 85c, looking for it to hold above $1.00 for the rest of the week.

TJ
 
Re: KIM - Kimberly diamond

Rich.

Little I could add/good stuff.
 
Re: KIM - Kimberly diamond

Thanks folks, glad it's of some use. It's a good exercise for me to try posting charts. Still not comfortable with the short term picture on KIM (in isolation) I've given you but it looks promising.
I've also just realised I've been calling some flags as pennants and vice versa-not a big difference imo in the threads I've posted on here since characteristics are similar (eg measured moves) but I've got to do it right. I might also have measured a flag breakout as a triangle breakout- can't find that post now, maybe I corrected it. I'll have to tighten up my T/A before I lose money on it- always learning, now where's that copy of Edwards and Magee....


Here's the longterm daily to put things in perspective:
 

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Re: KIM - Kimberly diamond

TjamesX said:
I don't have charting software... so good stuff
TJ
Click to expand...

I had similar troubles (still have to a certain extent), I use ComSec (you can register for free and use their charting software and tools) and also just started with Incrediblecharts.com- it's free too- that's where my blue coloured chart is from. Give it a go- it's free and you'll learn lots!!
 
Re: KIM - Kimberly diamond

KIM up to $1.12 - strong since closing above $1 last week.

from my eyeballing - 1.15 seems to be the next test/resistance level

cheers
TJ
 
Nice little break today with good vol. If it breaks .93 it would look like a reversal of trend.
 

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This stock has been a dog of late.... however, your right synergy, nice little movement today. I took a positon early in this one but got stopped out pretty quickly..... Plenty of potential here for a sharp move up...

Cheers
 
Up 11% today on high volume, with it finally breaking above the downtrend line.

A possible head and shoulders reversal here? Admittedly only small features, but each is associated with higher-than-normal volume.

Cheers,
GP
 

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IMHO there could be a double bottom forming with a base of 0.70. The peak between bottoms of around 1.07 would give a possible exit target of 0.70+((1.07-0.70)*2)= $1.44.
Lots of volume in the last 2 weeks lends more weight to the view that there is a change of trend. Only a break above $1.07 will confirm it's in a long term up trend.
On balance volume is not supporting a trend change.
Given past disappointments with this stock if I was taking a longer term view I would wait for the SP to go above $1.07 but I like it as a short term (couple of days) trade going long with stop loss in tight at say $0.66
 

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I have been watching KIM for a while and was wondering whether anyone has an opinion on the increasing momentum and sp of this stock. ( Quite new here, the cross candlestick looks like it may indicate a change is in play.
 
Noticed this one on Monday 18th, after 4pm. Something is brewing. Don't know what. Could be worth a short term punt though!
 
Yes, although everytime this stock looks like its going to move it falls over again but production levels should be at optimum by now....the addition of the last two candles does make one large candle... have to wait and see...
 
OK just going to post a chart on (RIV). After failing in late Feb with a breakout, the stock has since formed a near completion of a double bottom pattern. Stress that this will only be confirmed with a rise above 80c. A few interesting things have popped up though. Look at the divergence in both the OBV and MACD all alluding to a possible bottom for this stock and it may begin to now reverse (if 80 is taken out). However note, the same story was occuring from Dec 06 to Jan 07 last year with nice divergences and although a short term bottom occured, it still eventually fell away sharply. That is why, if I eventually take a long position I will tread with caution. All bets are well and truly off if it falls through crucial support at 69c.
 

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I bought in today, looks to me where there is smoke there is fire.

West Australian newspaper stated a rumour it will be subject to takeover bby Gem Diamond. If that happens expect a counter offer from RIO and DeBeers.

Huge volume last week was largest in history of trading also.

AMP no longer substantial shareholder but may sell more for tax loss reasons.

Anyway, does anyone else agree it looks like a trend shift is near??
 
Me ... AMP selling out ... time to buy in.

70 indeed could be a significant support for KIM

Lovely accumulation volume as this stock moves into stronger hands?
 
Dutchy3 said:
Me ... AMP selling out ... time to buy in.

70 indeed could be a significant support for KIM

Lovely accumulation volume as this stock moves into stronger hands?
Click to expand...

I agree Dutchy, their track record is questionable to say the least.

About to move to the next resistance point at 81 cents.
 
I have been eyeing the chart for this for some time also, seems to be in a channel now, closing above .78 is a strong signal
 
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