Kaminak Gold Corp. (fka KMKGF)

[123tom]

I look at Kaminak, and keep thinking this miner might be ok.

Compare it to Atac. Atac went soaring to 1.50 from 50 cent bottom zone. a triple. a bubble triple. I don't trust bubble movements. ASM,avino silver, made a bubble move. bubbles get popped.

Kaminak made a decent normal rally, without bubbling, I feel I can trust that better. or logic says so anyway.

Kaminak has big support around 65 cents , (if you can call any price point 'support' for miners charts ???!) Kam ,in this First rally wave from the 45 cent bottom, rallied a little more than a double, to 1.00 Canadian


KAM has the pullback Fibonacci zone now between 75-65 cents. and this zone correlates also with the left shoulder zone around 65 cent area.
one more downwave this the pullback should have would start to hit that zone.

IF Kam sells down, and oversells by some standards, to that 65 cent area....it might be the place for the next rally, IF there is even to be one, and the next double that takes KAM from 65-70 cents area to the 1.35-1.40 area.

That 1.35-1.40 area is Big resistance on the greater chart.