KCN kingsgate consolidated limited.

Good afternoon everyone, Nice bounce since March. However We got...

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    https://hotcopper.com.au/data/attachments/7827/7827191-b25b0d52183084b01bfd5f599707e323.jpg
    https://hotcopper.com.au/data/attachments/7827/7827209-95f935679f11cc26fa8af60e39febbce.jpghttps://hotcopper.com.au/data/attachments/7827/7827221-6004b7339df12942f389bcf944dadf9c.jpg
    Good afternoon everyone, Nice bounce since March. However We got rejected at 0.618% level which also the 50MA on Friday. Right now Im seeing a ABC pattern playing out now where we still have a dip (wave C) before a new trend starts.

    Unless we push thru 50MA or hold Wave A $4, then this ABC pattern is invalid.

    https://hotcopper.com.au/data/attachments/7827/7827226-a9581168693d0daf3bc26dc5939bf0ea.jpg
    3 months chart. I think it's safe to say we will just be zig zag in this range $3~$6 unless we finally close above the box which is ~$6 on 3 months chart. Buying at low 3's and selling at 5 for my trading account is my plan for the rest of 2026.
 
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