Kinross Gold break of channel

Kinross yesterday broke out of a long downward channel to the upside with good volume.

We will look to see a retest next week and should this hold and bounce we can expect Kinross to start a new upward trend.

We need to see Kinross push higher from here and not fall back within the channel for this new trend to begin - may be subject to the gold price so look to the price of gold for clues