The last week's trade continued to hover around $5.00. On the downside was Wednesday's new intraday low of $4.81 - but on the upside was Friday's close of $5.30, a closing level that hasn't been seen in 3 weeks.
Following last week's presentation of half-year results, it remains to be seen whether KGN will end this week higher - or whether there is still a magnet at the $5.00 level. Had Wednesday's intraday low not gone down so much, confidence may be higher. But then again, how many people predicted a 49-cent rise (in less than 3 days) from that point?
Moving away from charts for a sec, the recent approval of the Vodafone/TPG merger should have benefits for KGN in the medium term, seeing as Kogan Mobile uses the Vodafone network.
KGN Charts, page-214
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Last
$4.32 |
Change
-0.200(4.42%) |
Mkt cap ! $434.6M | |||
| Open | High | Low | Value | Volume |
| $4.41 | $4.45 | $4.32 | $2.671M | 610.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5046 | $4.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.39 | 2308 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KGN (ASX) Chart |