Hi Rossi70, I think it could go either way at the moment. From a purely technical perspective, conventional indicators are giving mixed messages:
On the yes side
the recent price rises are much steadier than the same rise (from $6-7) a few weeks ago. Compare the angles below:
Daily price still comfortably above the 200-day moving average - which has been sustained for months
On the no side
Daily trading volumes are in a downtrend - trading interest is declining (compared to similar prices a while ago)
20-day moving average was tested earlier today, but fell back down
Neutral indicators
Comfortably trading within the Bollinger Bands
I'd be inclined to wait and see - but this is only from a technical perspective, and ignoring any upcoming announcements or stock selloffs by Directors etc.
Hi Rossi70, I think it could go either way at the moment. From a...
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Last
$4.28 |
Change
0.050(1.18%) |
Mkt cap ! $425.6M | |||
| Open | High | Low | Value | Volume |
| $4.25 | $4.28 | $4.23 | $330.5K | 77.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1209 | $4.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.29 | 33783 | 14 |
View Market Depth
| Last trade - 11.04am 04/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |