KZL has indeed broken out and the initial target is 85c. The strong volume a couple of weeks ago is not for nothing.I can also understand from the fundamental side, that KZL has copper which price is the highest for the last 3 months, zinc and lead has performed strongly. Nickel stockpile has been running down in the LME and we see a jumped of $700 per ton. KZL is also a low cost producer and I see the reason for KZL to perform well. The TA confirms all that and more, volume means buying ahead of the announcement, which is some time to come yet.IMHO, DYOR.
KZL Price at posting:
72.5¢ Sentiment: ST Buy Disclosure: Held
