Strong break up through an ascending triangle which is bullish, so momentum traders are piling on.
Sellers have dried up, very few shorts recently.
Was also a positive KGN story in The Australian yesterday (by Kirby).
Both revenue % growth and gross margin % are increasing, so earnings should be accerlating squared!
Prices for products are coming down therefore attracts more buyers.
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- The case for a $10 share price
KGN
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0.49%
!
$4.05

The case for a $10 share price, page-6
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Last
$4.05 |
Change
-0.020(0.49%) |
Mkt cap ! $402.2M |
Open | High | Low | Value | Volume |
$4.07 | $4.08 | $4.02 | $578.5K | 143.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4337 | $4.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.06 | 1814 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4337 | 4.030 |
3 | 8871 | 4.020 |
2 | 7000 | 4.010 |
3 | 800 | 4.000 |
3 | 3896 | 3.980 |
Price($) | Vol. | No. |
---|---|---|
4.060 | 1814 | 2 |
4.070 | 3000 | 2 |
4.080 | 18568 | 4 |
4.090 | 4961 | 4 |
4.100 | 18172 | 13 |
Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
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KGN (ASX) Chart |