Buyers Should Stay Away from Kibo Mining, to Avoid Regret

Share On Facebook
share on Linkedin

It is better for buyers to stay away from Kibo Mining stock (LSE:KIBO) now, so as to avoid regret. The stock has long been in a perpetual downtrend, for most past of this year. The gap-up that occurred in April 2015 was later filled and the downtrend was resumed.

In the chart, 4 EMAs are used, and they are EMAs 10, 20, 50, and 200. The color that stands for each EMA is shown at the top left part of the chart. The price is generally below the EMA 10, 20, and 50 – plus there is now a ‘Death Cross’ in the market. Further southward journey is therefore, expected. It is mandatory that the price move and do so strongly, for this is what is needed to favor trend following trading ideas. Without price movement, no profit can be made.

On Kibo Mining, recalcitrant bulls will almost certainly regret, while consistent bears would almost thrive. The demand levels at 2.00 and 1.00 might eventually be attained. However, it is OK to be realistic in our expectations. Newbies want to win home runs, but veterans know it is better to go for small and consistent profits.

This forecast is ended by the quote below:

“Wealth gained by dishonesty will be diminished, but a Trader who gathers by labor will increase.”- Joe Ross

What Super Traders Don’t Want You To Know: Super Traders


CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20230127 17:37:58