The last week's trading action shows that a possible $5 floor is continuing to be tested. Friday's close of $4.93 was the first daily close under $5 in nearly six months. (On August the 6th, there was an intraday low all the way down to $4.50, before closing that day at $4.85).
Since January the 21st (the day after the business update), the RSI has always been under 30, suggesting it is oversold.
Historically speaking, KGN's RSI has gone even lower. Back in November 2018. Back it went under 20, but quickly recovered. While current trading has kept it above 20, it is yet to recover much beyond that:
The last week's trading action shows that a possible $5 floor is...
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Last
$4.17 |
Change
0.000(0.00%) |
Mkt cap ! $420.4M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.24 | $4.12 | $3.020M | 723.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5621 | $4.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 4400 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KGN (ASX) Chart |