KGN 0.24% $4.23 kogan.com ltd

The last week's trading action shows that Tuesday's 4% gain of...

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    The last week's trading action shows that Tuesday's 4% gain of (from $6.23 to $6.48) was a flash in the pan. It acted as a double top and foreshadowed a correction. It appears that support remains at $6.00 for the time being:

    https://hotcopper.com.au/data/attachments/1746/1746527-4afd581a7afb5415302fb9d059c120cf.jpg

    This price channel might be confirmed by the RSI, which has cooled down to the 50 range:

    https://hotcopper.com.au/data/attachments/1746/1746534-fb39c074d24c308466d5c0232605ae81.jpg

 
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