Kaminak is looking ok these days.
KAM is one of the few gold miners whose chart is looking good these days. Made a bottom around 42 cents and now rallied in sustained way for more than a day. This, while spot gold and most other gold miners have fallen down . Kaminak is one of the few that is making a bullish move from the bottom zone.
BUT watch out now.....as KAM is now getting into the resistance top zone, at a key moving average and the overhead price of 60-65 cent area could get slammed. If it does, watch for the 50 cent area to hold support, and IF KAM holds support above 47-50 cent area, we could see the next upwave looking for higher top targets. 80-90 cents, and 1 dollar some day.
1 dollar - 1.20 would be looking like a big top where the short attack game would certainly hit hard again.
But bullish recovery takes struggle and stair steps up. and IF 50 cents holds, then we look for 60 cents to hold, etc etc....
As of now, 42 cents looks like a bottom.
