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.
KGN Charts, page-214
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 (20min delay)
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Last
$4.90 |
Change
0.020(0.41%) |
Mkt cap ! $489.6M | |||
| Open | High | Low | Value | Volume |
| $4.89 | $4.97 | $4.88 | $716.2K | 145.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 111 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.93 | 1452 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KGN (ASX) Chart |