Kaminak Gold Corp. (fka KMKGF)

[123tom]

Kaminak remains very interesting to watch ,
It pulled back and held around 52 cents, a bit higher than I expected, and now made a good move today. looking upwards toward target top area at the 200 ma, around 75 cents-79 cent area.
The daily chart has a very nice looking cup and handle, that technically offers a target measurement in that same zone around 75-80 cents.

KAM has targets at 70/75/80/90/1.00/1.20
where will it hit the wall and get reversed back down??

Every target point is a potential Whipsaw point for the next short attack.
Key support below that needs to hold now is around
50-53 cent area.

LOOK at KAM on the weekly chart. and see the Bollinger band, the weekly 50 ma and that very foreboding down channel flowing into those price levels.