Home » Stock Market Articles » TheUpTrend.com Initiates Technical Coverage of Kirkland Lake Gold Inc.
TheUpTrend.com Initiates Technical Coverage of Kirkland Lake Gold Inc.
TheUpTrend.com announces that it has initiated technical coverage of Kirkland Lake Gold Inc. (TSX: KGI)
/24-7PressRelease.com/ - TheUpTrend.com announces that it has initiated technical coverage of Kirkland Lake Gold Inc. (TSX: KGI)
Current Technical Analysis
Our current technical analysis of Kirkland Lake Gold Inc. (TSX: KGI) is based solely on our charts.
We do NOT check company fundamentals, news, earnings or rumors.
The current long term trend is up.
This current up trend would come to an end, only with a weekly close below $5.80.
Current Long Term Price Support is at $6.25, $5.47, 4.69.
Current Long Term Price Resistance is at $7.03, $7.81.
Last weeks trading activity has given us several new early warring signals that this stock is toping and may be getting ready to reverse lower.
1 This stock touched its weekly Resistance target of $7.03, and closed lower.
2 A Weekly Bearish Reversal Bar has formed.
3 This stock has recently seen daily Panic Buying, indicating a reversal is likely.
A close below $5.75 would confirm that a top is in place based on our daily charts.
The Pros are still in control of the price of this stock, on both a daily and weekly basis.
Profile
Kirkland Lake Gold Inc. is a Canadian gold mining company that owns and operates the five major gold properties in Kirkland Lake, Ontario - the Macassa, Kirkland Minerals, Teck-Hughes, Lake Shore and Wright Hargreaves mines. These mines historically produced 22 million ounces of gold. Explore our Corporate, Investor, Operations and Exploration sections to see the dramatic changes taking place. For more information, see http://www.klgold.com/index.html
TheUpTrend.com provides Investors with daily trend analysis and price targets on over 1,000 Canadian and US stocks, Canadian Income Trusts, Gold stocks, iShares and iUnits, as well as all of the major market indexes. For Long Term investors, we also provide weekly analysis on over 1200 Canadian Mutual Funds from 30 different fund families.
Our current technical analysis is available to the public for the next 7 days @ http://www.theuptrend.com/chart_samples.asp
To lean more about TheUpTrend.com, please visit
http://theuptrend.com/gold_stocks/gold_stocks.htm
http://theuptrend.com/gold_stocks/gold_stocks.htm
CONTACT: Stephen Whiteside, CEO, TheUpTrend.com
Tel: +1 416-915-6396
Fax: +1 416-352-6034
e-mail: mr@theuptrend.com
WWW: http://www.theuptrend.com/toronto-stock-exchange.html
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Press Release Contact Information:
Stephen Whiteside
TheUpTrend.com
CEO
2 Bloor Street West
Suite 100, Ontario
Canada M4W3E2
Voice: 416-915-6396
Fax: 416-352-6034
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