KZL - Kagara Limited

[mlennox]

Re: KZL - Kagara Zinc

doubled my account in 2 months... what have you done ?

 

[reece55]

Re: KZL - Kagara Zinc

My point exactly Chops..........

This is a high risk trade IMO - I just wouldn't be looking to go against the obvious downward momentum...... There are plenty of stocks at the moment shooting to the sky, including the top 100 - As I said, this one is a definite short for me........... Obviously, DYOR however...... but the price action to me is abundantly clear!

Cheers

 

[mlennox]

Re: KZL - Kagara Zinc

see what happens tommorow lads, then u can break my balls

 

[chops_a_must]

Re: KZL - Kagara Zinc

doubled my account in 2 months... what have you done ?

Not taken stupid risks in the process. Anyone could have made a truckload of money in the last two months. And I'm not going to go long on something that is clearly in a downtrend.

 

[reece55]

Re: KZL - Kagara Zinc

mlennox - absolutely happy to let the market do the talking and I mean no ill intent here - I wish you all the very best on your trade, just doesn't fulfill my risk/reward analysis. Just attempting to provide objective analysis of the price action - however, if your time frame is a day to 2 days, you may be able to make this work.

Cheers

 

[Sean K]

Re: KZL - Kagara Zinc

While there is some support now at $6.00, the next likely stop is $5.50, until it proves a turn around is in place.

 

[Moneybags]

Re: KZL - Kagara Zinc

Kennas,

Excuse my ignorance of charts but is that a gap between 5.50 & 6.00 and if so don't gaps in most cases get filled eventually.

MB

 

[Kauri]

Re: KZL - Kagara Zinc

Another way of looking at the volume over the past couple of days. Personally I am looking for a couple of confirming days before commiting myself, but the signs to me are for a possible turn about.

 

[Sean K]

Re: KZL - Kagara Zinc

Kennas,

Excuse my ignorance of charts but is that a gap between 5.50 & 6.00 and if so don't gaps in most cases get filled eventually.

MB

There is a little gap in there, but not the whole period. I'm still working on the whole gap theory thing. Seems they should be filled and form support and resistance lines, but it's all anecdotal to me at the moment.

 

[Sean K]

Re: KZL - Kagara Zinc

Another way of looking at the volume over the past couple of days. Personally I am looking for a couple of confirming days before commiting myself, but the signs to me are for a possible turn about.

Definately a possible double bottom. Won't be confirmed until there is a higher high IMO.

 

[Moneybags]

Re: KZL - Kagara Zinc

There is a little gap in there, but not the whole period. I'm still working on the whole gap theory thing. Seems they should be filled and form support and resistance lines, but it's all anecdotal to me at the moment.

Sure Kennas, I think I know what you mean. Thanks for the response.

MB

 

[Kauri]

Re: KZL - Kagara Zinc

Gaps lose their relevance the further in the past they are.

 

[Moneybags]

Re: KZL - Kagara Zinc

Gaps lose their relevance the further in the past they are.

Thanks Kauri. So I take it the small gap in question is very unlikely to ever come into play.

MB

 

[Kauri]

Re: KZL - Kagara Zinc

Definately a possible double bottom. Won't be confirmed until there is a higher high IMO.

I've never had much to do with bottoms, but maybe a different way of looking at it.... it is confirmed until a lower low is formed??

 

[Sean K]

Re: KZL - Kagara Zinc

I've never had much to do with bottoms, but maybe a different way of looking at it.... it is confirmed until a lower low is formed??

Well, I'd be looking for a break up out of the downward trend which might not be until it's broken about $7.00-7.20. Then, I'd reevaluate.

 

[Kauri]

Re: KZL - Kagara Zinc

Thanks Kauri. So I take it the small gap in question is very unlikely to ever come into play.

MB

I'd never say never, ,but for instance their is a gap in KZL back on 1st-2nd Sept 05 around $1.30 still waiting to be filled.

 

[coyotte]

Re: KZL - Kagara Zinc

Zu may have made a double bottom ?


Cheers

 

[michael_selway]

Re: KZL - Kagara Zinc

Zu may have made a double bottom ?


Cheers

hehe maybe

mms://media2.bloomberg.com/cache/vT4cZR2Ej3LU.asf

thx

MS

 

[porkpie324]

Re: KZL - Kagara Zinc

On this mornings a/n KZL sp took a dive but has recovered some that sell off, was this a good half year result or inline with market expectations. porkpie

 

[reece55]

Re: KZL - Kagara Zinc

Well MLennox, hope you were out at the high today $6.19, cause it's going down from here......... As I said, you can jog any share you like, but if you want to perform in the long run you are much better of going with the statistically higher chance - clearly, the odds here were stacked against you. Appears to have found support at $6.00 intra day, but it's not going to be a pretty chart IMO......... Good luck to all holders here, but once again I reinforce that I would not be on the long side here...... If I had access to a CFD platform, I would be in short myself!

Cheers