Last week's plunge was massive, but was smaller (in percentage terms) than the plunge of October/November 2018 (the infamous GST trading update).
Back then, the weekly candlesticks fell 46%, from $5.00 to $2.71.
In comparison, last fortnight's candlesticks fell 30%, from $7.94 to $5.60.
That's not to downplay the fallout of last week's price action - it was horrendous, especially considering the record gross profit announcement. It reinforces KGN's reputation of getting caned when it fails to meet expectations.
Back in October/November '18, it took 24 weeks to recover back to $5.00. Will it take that long the second time around?
KGN Charts, page-147
Add KGN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.40 |
Change
-0.010(0.23%) |
Mkt cap ! $443.7M | |||
| Open | High | Low | Value | Volume |
| $4.42 | $4.53 | $4.40 | $856.1K | 191.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 13841 | $4.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.40 | 4632 | 18 |
View Market Depth
| Last trade - 14.18pm 20/08/2024 (20 minute delay) ? |
| KGN (ASX) Chart |