Krakatoa Resources Limited (KTA) is an Australian based, Indonesian focused exploration company which holds an Option to acquire an interest in an exploration licence prospective for gold in Central Sulawesi, Indonesia.
This stock appears to be in a breakout. All indicators show good signs with strong buyers and little supply. Latest news seems great also. 52 weeks highs hit yesterday.
"Krakatoa has entered into a strategic alliance with PT. Sitasa Resources, a holding company for the Sitasa Group of Companies (“Sitasa Group”), a well-established and highly successful exploration and mining company with a proven track record of success in Indonesian resource projects. Specifically, Sitasa Group is one of Indonesia’s largest high grade iron ore producers."
My question to the forum is, will this stock be a long term buy or short term buy, thanks?
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