Tech bubble has burst and yes unfortunately most people view KGN as a tech stock - and I don't blame them since that is its major advantage compared to other retailers like JBH or HVN.
It could be likely that this is just a correction (average correction which happens every couple years in NASDAQ is 17%), or its a crash. If just a correction, NASDAQ may retrace to 10,000 points, and KGN likewise was @ $12.50 (10 June). I believe thats where KGN could end up on now that its broken support, before going the next leg up.
Ann: S&P DJI Announces September 2020 Quarterly Rebalance, page-26
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Last
$4.74 |
Change
0.070(1.50%) |
Mkt cap ! $479.2M | |||
| Open | High | Low | Value | Volume |
| $4.66 | $4.83 | $4.65 | $3.255M | 685.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2432 | $4.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.76 | 436 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| KGN (ASX) Chart |