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$KGH: Metals Producer KGHM Should Continue Higher

Date: Friday, June 11, 2021 11:06 AM EDT

KGHM Elliott Wave Monthly

KGHM Daily Elliott Wave Analysis 06.10.2021

The Daily chart below shows in more detail the advance higher from the March lows at 48. The cycle up within wave ((1)) remains still intact and might be currently in the wave (5) of ((1)). Together with major indices and copper, expect the march 2020 cycle to continue. However, the major advance within wave ((1)) might be over. Now, a wave (5) can drift sideways to higher in form of an ending diagonal. Investors and traders should be looking to buy wave ((2)) in 3, 7 or 11 swings against the March 2020 lows for another extension higher in wave ((3)).

KGHM Elliott Wave Daily

Source: https://elliottwave-forecast.com/stock-market/kgh-metals-producer-kghm-continue-higher/

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