I am very bullish on this stock. It must go North of $5 and beyond given a longer time frame and as such, I own a large stake. However, today's capitulation is self-inflicted. On the 4th of March well over a month ago, an information lean announcement was released as at that time major capitulation was occurring in the share price and there was significant shareholder disapproval and contacting of the company. Finance due "April". Well, here we sit, mostly through April and radio silence. People are understandably nervous. If this continues to the end of the month, we will go back to $1.30 and it will not be because of any technical reason. It will be that for all of KCN's brilliant work in this scenario, their communication to the market and its shareholders is not adequate enough.
If there is one thing that needs to change in this company it is how it communicates to the market.
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I am very bullish on this stock. It must go North of $5 and...
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Last
$1.63 |
Change
-0.055(3.27%) |
Mkt cap ! $418.8M |
Open | High | Low | Value | Volume |
$1.66 | $1.67 | $1.63 | $376.3K | 229.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10338 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.64 | 51400 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10338 | 1.625 |
1 | 10000 | 1.620 |
1 | 2196 | 1.615 |
5 | 29322 | 1.610 |
2 | 1255 | 1.605 |
Price($) | Vol. | No. |
---|---|---|
1.635 | 51400 | 2 |
1.640 | 1464 | 1 |
1.645 | 1464 | 1 |
1.650 | 41464 | 2 |
1.680 | 75076 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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