Looks like it was a pump from Bell Potter (per Woody above) and the latest attempt to breach 150 meaningfully has turned into a failed 2 day campaign, despite the promising volume yesterday.
By my calculations we have now seen 7 failed attempts to clear $1.50 since the SP dropped below $2 in Mar 2023.
Every time it fails to sustain the rally and falls back.
This has developed into some pretty serous resistance in TA terms and I expect it will take some positive news on commissioning et al to breach 150. Have to say it looks like another drift back to support @ 120 region.
Daily chart below has given off a sell signal on price and I expect RSI will do same ( cross below 70 on way down) by the close of Today.
I leave my sentiment on buy, as it is long term, but actually short term sentiment is a sell and buy back in when RSI gives off the buy signal.
GL
Wazz
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Last
$1.60 |
Change
0.010(0.63%) |
Mkt cap ! $408.5M |
Open | High | Low | Value | Volume |
$1.63 | $1.65 | $1.58 | $265.6K | 164.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 14610 | $1.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.60 | 19400 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 14588 | 1.590 |
4 | 4456 | 1.585 |
5 | 20441 | 1.580 |
5 | 33117 | 1.575 |
10 | 5861 | 1.570 |
Price($) | Vol. | No. |
---|---|---|
1.600 | 19400 | 3 |
1.605 | 3118 | 3 |
1.610 | 8134 | 3 |
1.615 | 891 | 2 |
1.620 | 7504 | 2 |
Last trade - 14.52pm 04/07/2024 (20 minute delay) ? |
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KCN (ASX) Chart |