KGN Charts, page-214

The last week's trade continued to hover around $5.00. On the downside was Wednesday's new intraday low of $4.81 - but on the upside was Friday's close of $5.30, a closing level that hasn't been seen in 3 weeks.

Following last week's presentation of half-year results, it remains to be seen whether KGN will end this week higher - or whether there is still a magnet at the $5.00 level. Had Wednesday's intraday low not gone down so much, confidence may be higher. But then again, how many people predicted a 49-cent rise (in less than 3 days) from that point?



Moving away from charts for a sec, the recent approval of the Vodafone/TPG merger should have benefits for KGN in the medium term, seeing as Kogan Mobile uses the Vodafone network.