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Kinross Gold Corporation Message Board

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  • whitesands_8 whitesands_8 May 7, 2012 1:05 PM Flag

    I'm expecting a huge bounce at $8.30 area

    Hi, the gap occurred on late October 2008...Make sure you look at a daily price chart as it may not show up on weekly chart.

    But yes the gap occurred with massive volume and it's taken 4 years to fill so there was some heavy buying...I see today we dipped pretty low but buying pushed it back up to the $8.30 area....Would like for it to hold here...One thing I'm worried about is the HUI...measured move indicates at least HUI of 350-370 for some kind of a bottom to be put in...So this may indicate that if we do get support here and a bounce that it may not hold and perhaps look to test that $6-$7 area you spoke of.

 
KGC
2.30-0.01(-0.43%)Apr 24 4:00 PMEDT