My apologies for not providing context to the sell-off that has occurred and thank you for addressing this as I have provided a vague explanation in regards to why I think its a healthy sell-off.
IMO, I would consider this sell-off as a combination of profit taking due to Kogan hitting all time highs 2 weeks before the uncertainty of the US election outcome. This gives the share price to find key areas of value - being the support level around $21. It may consolidate around here in the short-term or may even drop further due to the the election results.
However, the fundamentals have not changed and with Christmas coming around the corner the share price is likely to recover and may reach all time highs again.
This is definitely a growth stock to keep an eye on as there is so much more potential in this company for the long-term. I was initially planning to make a quick trade on this and exit around the $23 but I've now changed my mind.
- Forums
- ASX - By Stock
- Ann: 2020 Annual Report
My apologies for not providing context to the sell-off that has...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KGN (ASX) to my watchlist
|
|||||
Last
$4.71 |
Change
-0.030(0.63%) |
Mkt cap ! $476.1M |
Open | High | Low | Value | Volume |
$4.77 | $4.80 | $4.69 | $1.856M | 391.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1699 | $4.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.71 | 240 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3930 | 4.690 |
1 | 413 | 4.670 |
1 | 413 | 4.660 |
5 | 16800 | 4.650 |
1 | 413 | 4.640 |
Price($) | Vol. | No. |
---|---|---|
4.710 | 240 | 1 |
4.720 | 1000 | 1 |
4.730 | 413 | 1 |
4.740 | 413 | 1 |
4.750 | 413 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
KGN (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online