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Monday, October 25, 2021

KGL Resources (KGL:AX) HEFFX Technicals

$KGL #KGLResources #ASX #Mining #Stocks #Trading #Markets

KGL Resources
Ticker: KGL:AX
Price: $0.32
Recommendation: Buy

Business Summary

KGL Resources Limited is a mineral exploration company.

The principal activity of the Company is the exploration and development of the Jervois multi-metal project in the Northern Territory. Its segments include Jervois Project-Northern Territory, which consists of the operations of Kentor Minerals (NT) Pty Ltd; Bashkol Projects-Kyrgyz Republic, which consists of projects that are in the process of being developed or explored, and Geothermal Energy Project-Solomon Islands, which consists of the Geothermal Energy project being conducted in the Solomon Islands.

The Jervois project consists of open pit mining of several deposits followed by underground mining to feed an approximately 2.2 metric tons per annum (Mtpa) flotation plant producing 80,000 to 100,000 tons per annum (tpa) of copper concentrate plus a separate lead/zinc bulk concentrate.

Its subsidiaries include Jinka Minerals Ltd, Kentor Minerals (Aust) Pty Ltd, Kentor Minerals (NT) Pty Ltd and Kentor Minerals (WA) Pty Ltd.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 0.37.

The projected lower bound is: 0.28.

The projected closing price is: 0.32.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 19 white candles and 15 black candles for a net of 4 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 76.0638. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 69.96. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 2 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 140.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 11 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.

Rex Takasugi – TD Profile

KGL FPO closed up 0.010 at 0.320. Volume was 9% below average (neutral) and Bollinger Bands were 106% wider than normal.

Open     High     Low     Close     Volume
0.310    0.320    0.310   0.320     95,201
Technical Outlook
Short Term:        Overbought
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period     50-period       200-period
Close:           0.29          0.23            0.19
Volatility:      93            124             138
Volume:          87,466        132,526         84,745

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


KGL FPO is currently 64.5% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into KGL.AX (bullish).

Our trend forecasting oscillators are currently bullish on KGL.AX and have had this outlook for the last 39 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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