Kauri
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KZL - Kagara Limited
- Thread starter Kauri
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Re: KZL - Kagara Zinc
thats a poor result. especially as the profit is "pre tax". post tax somewhere around $120m which is poor for a $1.2billion dollar company. ZFX $1.5bn for an $8.5bn company is much better analysis
they should change their name to Kagara Copper, coz i don't see much zinc production
thats a poor result. especially as the profit is "pre tax". post tax somewhere around $120m which is poor for a $1.2billion dollar company. ZFX $1.5bn for an $8.5bn company is much better analysis
they should change their name to Kagara Copper, coz i don't see much zinc production
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Re: KZL - Kagara Zinc
KZL has just broken support IMO. there was a support level around 5.55 but broke that today.
with copper and zinc prices dropping i see the potential downside around next support levels around 4.55 and 4.80 ish i believe.
qtrly brought a net profit that was nowhere near as big as expected and has quickened the pace of the sp slide.
i wish i had access to a CFD platform as i would have shorted many zinc stocks lately.
KZL has just broken support IMO. there was a support level around 5.55 but broke that today.
with copper and zinc prices dropping i see the potential downside around next support levels around 4.55 and 4.80 ish i believe.
qtrly brought a net profit that was nowhere near as big as expected and has quickened the pace of the sp slide.
i wish i had access to a CFD platform as i would have shorted many zinc stocks lately.
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Re: KZL - Kagara Zinc
Hi DJ,
KZL traded the bulk of volume Today in a tight range and mostly around $5.50, falling through support at $5.50 is splitting hairs IMO. The close was weak though so its a distinct possability they may indeed slip further
KZL's chart is attrocious with them in a clear downtrend, out of flavour and a bottom yet to be found.
Personally I feel your quoted supports of $5.50 and $4.80 are a mute point. No Long term trend their and simply profit takers from the quick push and momentum profit takers after the spike, clearly illustrated by the gap down post momentum. Plenty of those traders around, thank christ for that
.
$4.50ish is a more pertinent support and IMO buckleys of going their.
Anyway:
As per Post #157 on this thread I still feel a $10 SP is unlikey before June, LOL although a sizeable return on Today's SP is likely.
I think a new higher support will be found for KZL this time around and I'm not going to quibble over a few percent either way. After a few months out of them, more than happy to take a sizeable holding today.
I like the whole package with KZL (management,mines,reserves,exploration,potential diversification etc etc).....minus their copper plays
moreso I like their recent aquisition adjacent to FF and their Admiral Bay Deposit, both have huge potential
Lets see what pans out!.
dj_420 said:
Hi DJ,
KZL traded the bulk of volume Today in a tight range and mostly around $5.50, falling through support at $5.50 is splitting hairs IMO. The close was weak though so its a distinct possability they may indeed slip further
KZL's chart is attrocious with them in a clear downtrend, out of flavour and a bottom yet to be found.
Personally I feel your quoted supports of $5.50 and $4.80 are a mute point. No Long term trend their and simply profit takers from the quick push and momentum profit takers after the spike, clearly illustrated by the gap down post momentum. Plenty of those traders around, thank christ for that
.$4.50ish is a more pertinent support and IMO buckleys of going their.
Anyway:
As per Post #157 on this thread I still feel a $10 SP is unlikey before June, LOL
although a sizeable return on Today's SP is likely.I think a new higher support will be found for KZL this time around and I'm not going to quibble over a few percent either way. After a few months out of them, more than happy to take a sizeable holding today.
I like the whole package with KZL (management,mines,reserves,exploration,potential diversification etc etc).....minus their copper plays
moreso I like their recent aquisition adjacent to FF and their Admiral Bay Deposit, both have huge potentialLets see what pans out!.
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Re: KZL - Kagara Zinc
posting up chart again as IMO it has broken support at the 5.50 mark, and has further to slide.
freeball im not arguing that the company is not fundamentally sound, i think they have great fundamentals and i will enter long on the UPTREND resuming.
to enter a company on a downtrend with no indication of the trend reversing is not good investing IMO. i dont think the point that i made of it breaking 5.50 was splitting hairs as the sp is now 5.31.
anyway ill post when i think there is an indication of the sp turning around.
posting up chart again as IMO it has broken support at the 5.50 mark, and has further to slide.
freeball im not arguing that the company is not fundamentally sound, i think they have great fundamentals and i will enter long on the UPTREND resuming.
to enter a company on a downtrend with no indication of the trend reversing is not good investing IMO. i dont think the point that i made of it breaking 5.50 was splitting hairs as the sp is now 5.31.
anyway ill post when i think there is an indication of the sp turning around.
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Re: KZL - Kagara Zinc
Hi DJ,
Certainly agree with youre views on KZL.
I pulled some funds from Nickle and put them were I considered some value was, KZL being my choice.
Happy with my entry.....didn't expect to make a return in one day considering their flavour with the market ATM. Seems like I am the only one buying...lol
Hi DJ,
Certainly agree with youre views on KZL.
I pulled some funds from Nickle and put them were I considered some value was, KZL being my choice.
Happy with my entry.....didn't expect to make a return in one day considering their flavour with the market ATM. Seems like I am the only one buying...lol
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Re: KZL - Kagara Zinc
I wish I had your nerve Freeballer, I got badly singed with KZL in Jan, so I'm a bit hesitant on opening any long pos, but good luck. porkpie
I wish I had your nerve Freeballer, I got badly singed with KZL in Jan, so I'm a bit hesitant on opening any long pos, but good luck. porkpie
Re: KZL - Kagara Zinc
Wow... down she goes!!
looks like kzl's gonna test that 4.80 (-ish) support on dj's chart below.
What do you folks reckon - will it keep going or stop there...
My guess - would be that should be about it.
but... thats a mildly educated guess only. Will watch keenly from the sidelines for the turn.
Wow... down she goes!!
looks like kzl's gonna test that 4.80 (-ish) support on dj's chart below.
What do you folks reckon - will it keep going or stop there...
My guess - would be that should be about it.
but... thats a mildly educated guess only.
Will watch keenly from the sidelines for the turn. 
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Re: KZL - Kagara Zinc
I agree, KZL looks like it will test the $4.80 support and possibly fall straight through if metal prices don't hold up.
Trading below 11 day MA.
Hugging the bottom Bollinger band.
MACD Looks sick like a dog. Still in its down trend.
Prices still in its down trend on not so small volume.
The only good indicator is the stochastics but that doesn't mean athing with out the others.
IMO this is stupid to buy with out some sort of turn around indicators.
Can we go short on this?
I agree, KZL looks like it will test the $4.80 support and possibly fall straight through if metal prices don't hold up.
Trading below 11 day MA.
Hugging the bottom Bollinger band.
MACD Looks sick like a dog. Still in its down trend.
Prices still in its down trend on not so small volume.
The only good indicator is the stochastics but that doesn't mean athing with out the others.
IMO this is stupid to buy with out some sort of turn around indicators.
Can we go short on this?
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Re: KZL - Kagara Zinc
Going by todays action it appears as if KZL may be finding some support. porkpie
Going by todays action it appears as if KZL may be finding some support. porkpie
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Re: KZL - Kagara Zinc
Pat
I'm not sure I would be looking to go short here now........ The stock has been given a fair workout since October and whilst the price of Zn appears to be in a bit of trouble, this appears well and truly factored in. I think we will see a little bit of a bounce here after todays wreckage..... Could be wrong, but today saw some bargain hunters collecting up some of the stock at the $5.00 level. Only time will tell. Short below about 4.80, which is the support level established in October.
Cheers
Pat
I'm not sure I would be looking to go short here now........ The stock has been given a fair workout since October and whilst the price of Zn appears to be in a bit of trouble, this appears well and truly factored in. I think we will see a little bit of a bounce here after todays wreckage..... Could be wrong, but today saw some bargain hunters collecting up some of the stock at the $5.00 level. Only time will tell. Short below about 4.80, which is the support level established in October.
Cheers
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Re: KZL - Kagara Zinc
Gap number one on low vol....gap no. 2 on low vol.....buy......if it gaps again buy more..... if it gaps again buy more......then hold for the ride down, or the big profits stolen from the panic sellers....lesson learnt a while back....still a good company and holds promise....DYOR....I dont hold any since the peak.
Zinc will probably rise again shortly....but what would I know?
Gap number one on low vol....gap no. 2 on low vol.....buy......if it gaps again buy more..... if it gaps again buy more......then hold for the ride down, or the big profits stolen from the panic sellers....lesson learnt a while back....still a good company and holds promise....DYOR....I dont hold any since the peak.
Zinc will probably rise again shortly....but what would I know?
CanOz
Home runs feel good, but base hits pay bills!
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Re: KZL - Kagara Zinc
You know, pull up any zincer's chart and you'll capitulation. The final transfer of stock from weaker hands to strong holders. Big sell off, lots of volume but with the price closing off the low, and even higher than the open in most cases.
I smell a buying opportunity.
Cheers,
You know, pull up any zincer's chart and you'll capitulation. The final transfer of stock from weaker hands to strong holders. Big sell off, lots of volume but with the price closing off the low, and even higher than the open in most cases.
I smell a buying opportunity.
Cheers,
Out Too Soon
My real name is King Julian ;)
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Re: KZL - Kagara Zinc
I sold @ 7.28 last November (Luck not skill), must be nearly time to get back in, I think it depends on Chinas position. Is China going to need to import Zinc in the near future when demand outstrips supply again?Halba said:
Kauri
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Re: KZL - Kagara Zinc
Agreed Kauri, I am very tempted to open a long position here.... the bleeding appears to have stopped, copper is looking a bit stronger........ Thanks for the wave count, that's my take as well (albeit a much more junior EW learner than yourself). Wonder what Nick feels about the stock - still good for a wave 5 spike or will we see another move down? I favour another upward movement. Fundamentals still look good as well.
Cheers
Agreed Kauri, I am very tempted to open a long position here.... the bleeding appears to have stopped, copper is looking a bit stronger........ Thanks for the wave count, that's my take as well (albeit a much more junior EW learner than yourself). Wonder what Nick feels about the stock - still good for a wave 5 spike or will we see another move down? I favour another upward movement. Fundamentals still look good as well.
Cheers
Kauri
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Re: KZL - Kagara Zinc
I'm just starting out on E/W too, so don't put too much faith in my charts/counts...
I'm watching to see if some solid buying support with positive price action comes in suggesting a bottom, so far apart from the count and T/L's there isn't too much inspiring for mine. A minor impulsive W1 and W2 retrace would be nice to see, I'd be tempted to hitch a ride if an impulsive minor W3 then developed.. mind you I've been left standing at the bus stop watching the bus dissapear into the distance more often than not
Hi Reece..reece55 said:
I'm just starting out on E/W too, so don't put too much faith in my charts/counts...
I'm watching to see if some solid buying support with positive price action comes in suggesting a bottom, so far apart from the count and T/L's there isn't too much inspiring for mine. A minor impulsive W1 and W2 retrace would be nice to see, I'd be tempted to hitch a ride if an impulsive minor W3 then developed.. mind you I've been left standing at the bus stop watching the bus dissapear into the distance more often than not
