Not too sure why no one cares to talk about the price action after the closing bell.
In my experience, I have not seen anything like this before. Bullish price action on a very good day usually closes not far from the highest high recorded on that particular day. In the case of KGN, the closing price from yesterday was some 4% higher than the highest high recorded on the day. This was unusual price action for me, particularly on a very weak market day.
This is probably something to do with some short covering. As they say, the amateurs usually open the market and the professionals come and close it.
I believe the price action recorded yesterday is an indication that the share price will do better in the coming days and weeks.
The first resistance is now around $4.
If the price action exceeds the $4 mark on a strong volume, then the next resistance will be just over $5 before it starts to pull back.
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- Impressive closing price on Friday the 16Th of Dec 2022
Impressive closing price on Friday the 16Th of Dec 2022
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Last
$4.67 |
Change
-0.125(2.61%) |
Mkt cap ! $480.4M |
Open | High | Low | Value | Volume |
$4.79 | $4.83 | $4.65 | $1.268M | 266.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 787 | $4.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.67 | 1584 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 820 | 4.660 |
13 | 9327 | 4.650 |
8 | 18397 | 4.640 |
5 | 27491 | 4.630 |
5 | 7264 | 4.620 |
Price($) | Vol. | No. |
---|---|---|
4.670 | 1441 | 14 |
4.680 | 4358 | 12 |
4.690 | 19625 | 8 |
4.700 | 16895 | 3 |
4.710 | 20261 | 6 |
Last trade - 15.45pm 13/09/2024 (20 minute delay) ? |
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Simon Kidston, Non--Executive Director
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