This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

KZL - Kagara Limited

Jump to new
Re: KZL - Kagara Zinc

Might explain the tumble...
 

Attachments

  • pic21.gif
    9.1 KB · Views: 300
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
 
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.
 

Attachments

  • kzl.gif
    26.5 KB · Views: 232
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!.
 
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.
 
Re: KZL - Kagara Zinc

ooops forgot my chart
 

Attachments

  • kzl.gif
    17.7 KB · Views: 180
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
 
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
 
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.
 
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?
 

Attachments

  • KZL.GIF
    36.3 KB · Views: 143
Re: KZL - Kagara Zinc

Going by todays action it appears as if KZL may be finding some support. porkpie
 
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
 
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?
 
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,
 
Re: KZL - Kagara Zinc

what a disaster. i bailed @ 7.19 feeling smartass

however i still hold heaps of zinc, most of em will come back for sure
 
Re: KZL - Kagara Zinc

Halba said:
what a disaster. i bailed @ 7.19 feeling smartass

however i still hold heaps of zinc, most of em will come back for sure
Click to expand...
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?
 
Re: KZL - Kagara Zinc

kzl seems destined for 4.50

a lot of gaps to fill

+ it is more kagara copper these days not zinc!!
 
Re: KZL - Kagara Zinc

At an interesting stage...
 

Attachments

  • kzl_090207.gif
    7.8 KB · Views: 56
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
 
Re: KZL - Kagara Zinc

Hi Reece..
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
 
You must log in or register to reply here.

Similar threads

February 2025
2
Replies
23
Views
1K
ducati916
R
Illusions of The Stock Market
2
Replies
26
Views
6K
RickyY
R
M
Gartman's 13 Rules of Trading (do you agree?)
2
Replies
20
Views
8K
It's Snake Pliskin
I
Coin Tossing - Risk & Money Management
Replies
0
Views
5K
RichKid
R
The American use of War Pretext Incidents
Replies
6
Views
9K
sptrawler
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...