KGN 0.24% $4.23 kogan.com ltd

The week's trading action has seen a small bounce off $5.99 to...

  1. 250 Posts.
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    The week's trading action has seen a small bounce off $5.99 to end the previous correction. There is still a ways to go until last Monday's opening price of $6.48, but the gradual rises (since Tuesday) are following the 20-day moving average. The Relative Strength Index is now in mid-range territory, following some overheating earlier in the month (above 70):

    https://hotcopper.com.au/data/attachments/1735/1735222-01e19afdc2dabc088646d5185c43dd38.jpg

    The Stochastic RSI reached 0 during the week, when two weeks ago it was at 100. The last time the Stochastic RSI fell below 5 (in late July and early August), the price was hovering at $5:

    https://hotcopper.com.au/data/attachments/1735/1735228-3c305dd5138a0a4429c4e1de77584445.jpg



 
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