Maybe it is discussed on another thread, but why are we up over 10% today?
Gold has been on a tear for a while now and only (sic) up 1% overnight, no comparable move in other gold stocks, so to me there is something specific to KCN going on?
Am assuming something in the pipeline about No 1, be it the postie brought the part or any other possible variation that someone has seen as a positive for the SP.
The fact that we have 2.59m shares traded by 3pm, which is already the largest day's trading since March 23 tells me something too.
BTW, by my calculations we have seen 6 failed attempts to clear $1.50 since the SP dropped below $2 in Mar 2023.
Every time it fails to sustain the rally and falls back.
This has developed into some pretty serous resistance in TA terms and I expect it will again without some positive news on commissioning and I think today's volume says that news is now imminent.
Good Luck
Wazz
Maybe it is discussed on another thread, but why are we up over...
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Last
$1.79 |
Change
0.005(0.28%) |
Mkt cap ! $461.3M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.86 | $1.79 | $2.540M | 1.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 426 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 8569 | 1 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$1.80 |
Change
0.005 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $1.80 | $1.86 | $1.79 | 81253 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| KCN (ASX) Chart |