........ positive fundamental news , and of course, share price falls. This has been happening for at least a year in the miners. fundamentals haven't mattered.
But KAM did rally thru 60 cents and hit the 75 cent area....looks like the pullback is happening now. IF 60 holds now we could see another rally but hard to say where to , that 200 ma scares me a little. also on the weekly chart the 50 ma is at resistance here. KAM might not rally as high as 90 cents or it might. But one thing for me anyway, I don't trust any more rallys in miners, not since the game has proven itself a rigged game ,determined to crush miners down. Any rally miners make back to this downtrend channel , which is where KAM and all the miners are at now, is just taking the miners back into the kill zone. where the next short attack begins all over again. I'll be amazed if the next short attack doesn't happen. Its been a game all along, why would it stop now. All theyre waiting for is enough sucker money to pile back in , so they can fleece them when ready.
I will no longer be a buy and holder in miners. Trying to get out as best I can, slowly , a step at a time. I can break even on KAM around 1 dollar.
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