Agree with @Gymjunky on bullishness.
Saw support at ~$1.55 hold and looks like the swing low point. RSI produced a buy signal on 17th and actually this is usually accompanied by very strong performance on the 2nd or 3rd day following the RSI buy signal ( if you follow the chart, the Jim Berg buy signal is followed shortly after by a sell, as it exceeds the tolerance on the Bollinger band in terms of positive deviations from current price).
Looking at the last two clear RSI buys in both January and April, the SP went ballistic in the next couple of trading days.
Expect the same this time.
Wazz
Agree with @Gymjunky on bullishness. Saw support at ~$1.55 hold...
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Last
$1.69 |
Change
0.050(3.05%) |
Mkt cap ! $435.6M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.70 | $1.64 | $687.2K | 409.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73105 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 4023 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |