Hi All,
I've been following KGN for a few months. It seems to follow Dow Jones index closely. However in the last 5 trading sessions, the Dow index has gone up every day, yet KGN has dropped nearly every day during the last 5 sessions. Furthermore, I realised in the past, it has dropped suddenly but yet in the course of the day, it will still spike up high and so for traders it can be a sign for taking profits. But this did not happen in the last 5 trading sessions.
Furthermore, normally, the spread between buy and sell could be a few cents with small buy and sell volume before the last 5 sessions. However, in the last couple of days, the spread is 0.01 cent with lots of sellers at each level. Something has changed dramatically in the last 5 sessions but I don't know what causes it since there are no announcements apart from today. Today's announcement I thought was positive for KGN as Blackrock has accumulated 5% of KGN, yet the shares opened 0.02 below yesterday's price and continued to drift lower throughout the day. Does anyone have a good explanation of what is happening to KGN during the last 5 sessions and what their views are on the direction of the share prices in the next week?
Disappointed,
Isdhope
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Last
$4.24 |
Change
0.020(0.47%) |
Mkt cap ! $424.6M |
Open | High | Low | Value | Volume |
$4.23 | $4.25 | $4.23 | $85.93K | 20.27K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2378 | $4.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.25 | 2864 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 3006 | 4.230 |
9 | 3750 | 4.220 |
8 | 8000 | 4.210 |
10 | 11304 | 4.200 |
8 | 16495 | 4.190 |
Price($) | Vol. | No. |
---|---|---|
4.240 | 3548 | 8 |
4.250 | 5343 | 8 |
4.260 | 21178 | 6 |
4.270 | 3303 | 7 |
4.280 | 19364 | 9 |
Last trade - 10.19am 15/08/2024 (20 minute delay) ? |
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