Kinross Long SwingLooking at the monthly time stamp for KGC we can see that there is a potential pattern formation indicated by the black boxes on the candle stick chart. However to back this up further looking at the monthly rsi levels we can see a pattern forming indicated by the red boxes on the rsi chart. On the initial wave a bull run with a high of nearly 30 was achieved. Im not anticipating a run quite that high, if at all, however I believe a great profit taking area would be around $5.5 and $7.25 respectively. When the moment comes it will be easier to see where the momentum is going and if profits should be reinvested at varying buying levels if a pullback were to occur.
