Not too sure why no one cares to talk about the price action after the closing bell.
In my experience, I have not seen anything like this before. Bullish price action on a very good day usually closes not far from the highest high recorded on that particular day. In the case of KGN, the closing price from yesterday was some 4% higher than the highest high recorded on the day. This was unusual price action for me, particularly on a very weak market day.
This is probably something to do with some short covering. As they say, the amateurs usually open the market and the professionals come and close it.
I believe the price action recorded yesterday is an indication that the share price will do better in the coming days and weeks.
The first resistance is now around $4.
If the price action exceeds the $4 mark on a strong volume, then the next resistance will be just over $5 before it starts to pull back.
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- Impressive closing price on Friday the 16Th of Dec 2022
Not too sure why no one cares to talk about the price action...
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Last
$4.03 |
Change
-0.060(1.47%) |
Mkt cap ! $405.4M |
Open | High | Low | Value | Volume |
$4.08 | $4.08 | $3.98 | $2.808M | 696.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 13100 | $3.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.03 | 2402 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 13100 | 3.990 |
16 | 45353 | 3.980 |
7 | 7772 | 3.970 |
4 | 8278 | 3.960 |
16 | 15040 | 3.950 |
Price($) | Vol. | No. |
---|---|---|
4.030 | 2402 | 1 |
4.040 | 2406 | 1 |
4.050 | 2900 | 2 |
4.060 | 494 | 1 |
4.070 | 1722 | 2 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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KGN (ASX) Chart |