Kirkland lake blowoff phase
Updated
Update from January.
Seems like Kirkland lake's announcement of 1 million ounces was enough to get the investors to keep rushing in and create support where there once was resistance.
If you are like me and it was enough to keep yourself into this play we now may want to stick around a little longer.
There are two ways to play this:
- Wait till the support line gets broken to the downside.
- Wait till blow off leads to valuations significantly above support line. At the time I would say it would be significant if we see a move above 50 CAD.
Seems like Kirkland lake's announcement of 1 million ounces was enough to get the investors to keep rushing in and create support where there once was resistance.
If you are like me and it was enough to keep yourself into this play we now may want to stick around a little longer.
There are two ways to play this:
- Wait till the support line gets broken to the downside.
- Wait till blow off leads to valuations significantly above support line. At the time I would say it would be significant if we see a move above 50 CAD.
Note
previous post about kirkland gold: 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.