KAZ

This is approaching the double bottom zone.
If this hits 171 area then well worth a long as this area should be strong support.
Stops can be tight. Im using a 5 point stop as this level should be strong support.
This is a first attempt trade.


dl.dropboxusercontent.com/u/4899609/kaz22ndjan2014.png


If this level gets broken then this share has the potential to become a penny share so be careful. Hence the tight stops

A chart for Kaz, a good time to buy for the longer term??
Off course this could just keep going down!!

Just wanted the opinions of C/View experts.

Here my chart and link below.
uk.advfn.com/p.php?pid=chartscreenshotsh...EZOA=&symbol=L%5EKAZ

Good luck all,
regs,
Trendfriend.

dl.dropboxusercontent.com/u/7238706/KAZAKHMYSwkly.png

Jackozy, if you take a look at the weekly chart I reckon it just about hit the target perfectly. Ok, so we can disagree on the coding but, the balance and maths look about right, and a breach of 228 will get my money.

Thanks for posting and reminding me cos I'd forgotten about this one

Keep an eye on KAZ this coming week. It's had an initial rise after a bullish RSI divergence so it's possible it may have bottomed out (gold is also looking bullish).

Just in case it hasn't bottomed at 187.9 - it fell short of the 171p target - it'll be best to wait and see if it makes a higher low near the 203p area (the Dec 18 high) and then buy the breakout of 221.2p if it occurs:



dl.dropboxusercontent.com/u/20815047/FTS...KAZdaily05_01_14.png

With spot gold nearing the target of 1151 it's worth pointing out that KAZ is also nearing it's 2008 low of 170.6, currently at 190, so maybe worth a long at or near that level.

One to watch for sure. Sorry no charts this evening.

I'm back in.



RSI below 30 (not quite in the low 20s), and a nice hammer forming, in spite of firming Dollar Index.

Bigger picture indicated falling inventories too, but that's for another time

www.copperenews.com/copper-warehouse-stocks.asp



As always, happy to receive feedback.


p.s. Can we re-name this thread KAZ (not every post is a 123 bounce! ) Cheers!