KL - Using the Action in Kirkland Lake Gold Ltd #KL to our Advantage
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Kirkland Lake Gold Ltd (NYSE: KL) data table below can help you with price action, and we have more details too. Trading plans for KL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 32.31 | |||
| P2 | |||
| 38.59 | |||
| 38.61 | |||
| 38.56 | |||
| P3 | |||
| 39.40 | |||
| 39.50 | |||
| 45.18 |
Long Term Trading Plans for KL
April 24, 2021, 9:00 pm ET
The Technical Summary and Trading Plans for KL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this KL Report.
KL - (Long) Support Plan
The technical summary data tells us to buy KL near 32.31 with an upside target of 38.56. This data also tells us to set a stop loss @ 32.22 to protect against excessive loss in case the stock begins to move against the trade. 32.31 is the first level of support below 38.51 , and by rule, any test of support is a buy signal. In this case, support 32.31 would be being tested, so a buy signal would exist.
KL - (Short) Resistance Plan
The technical summary data is suggesting a short of KL as it gets near 38.56 with a downside target of 32.31. We should have a stop loss in place at 38.67though. 38.56 is the first level of resistance above 38.51, and by rule, any test of resistance is a short signal. In this case, if resistance 38.56 is being tested, so a short signal would exist.