All bets are off after the rally late today. I still believe there is underlying support that is accumulating, but a lot of disillusioned holders are being sucked into selling into pullbacks. The result is volatility.
Where it ends in the short term is anyone's guess. Long term, however, the future is reasonably bright. It is just delayed by a year or two from previous expectations.
I will hold for now and maybe accumulate more if there is a significant pullback below $1.40, and definitely add more if the pullback seems to be bottoming anywhere near $1! After all, it is very unlikely that KSC will go broke, just not be as profitable as they would like for a while longer.
brokers' notes, page-10
Add KSC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.21 |
Change
0.030(0.94%) |
Mkt cap ! $439.2M | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.30 | $3.20 | $39.62K | 12.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4972 | $3.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.41 | 2500 | 1 |
View Market Depth
| Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
| KSC (ASX) Chart |