The last week's trading action shows that Tuesday's 4% gain of (from $6.23 to $6.48) was a flash in the pan. It acted as a double top and foreshadowed a correction. It appears that support remains at $6.00 for the time being:
This price channel might be confirmed by the RSI, which has cooled down to the 50 range:
KGN Charts, page-21
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Last
$4.24 |
Change
0.040(0.95%) |
Mkt cap ! $427.4M | |||
| Open | High | Low | Value | Volume |
| $4.17 | $4.26 | $4.16 | $3.821M | 908.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9201 | $4.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.25 | 2084 | 3 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| KGN (ASX) Chart |