K92 Mining Inc (KNTNF)

[Snowbeard]

On KNT.V, looks like it's just a retracement to the previous breakout from 3.80

March 3 to 6: Consolidation w/ resistance @ 3.80

April 24: Gap down from 3.80 consolidation on Porgera news & mine site protest.

May 14 into May 15: Gap up from 3.75 to 3.80 closing at 3.86.

It seems to be an important price, so makes sense that we're re-testing it. Expecting us to stick around this price until we kiss the 20 day MA, then make a move in either direction. If we stay above 3.80 I have a short term bullish bias on the move, and if we track below it by close I'll have a short term bearish bias on the move.

On a weekly chart this weeks move just looks like another bull flag formation before another move up.

I'm holding long, especially with the continued discovery of gold deposits.