The trading volume has been low for the past 11 sessions.
If you examine the KCN chart over the past 18 months, you can see that these protracted periods of low volume (500K or less daily volume) typically lead to dramatic rises in the share price. That has happened five out of six times whenever there has been a week or more of low volume since Feb 2023.
The rise begins with a jump in the SP on a day with substantially higher volume. That sets off a rally that sees a rise of at least 20% in roughly two weeks.
That rally is probably coming around again very soon. It might even start today considering the high gold price in the US market overnight. If the pattern holds this time, KCN will hit $2 within weeks.
The trading volume has been low for the past 11 sessions. If you...
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Last
$1.56 |
Change
-0.040(2.51%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.54 | $1.347M | 862.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 637 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 11439 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |