KGN

4.42%

$4.32 kogan.com ltd

KGN Charts, page-242

First 242 Last

Share
Profile

Follow
byyourside

733 Posts.

77

01/03/20

19:56

Post #: 43244899
Share

Originally posted by Michael2: ↑

Last week's trade saw a further test of $5.00 and a fall to $4.46 by the end of Friday. That's another 10% eroded.

The lone positive may have been Tuesday's 2.81% gain.¹ This was the second biggest daily gain (in percentage terms) over the last two months.

In a way, that looked promising, but three days later, trading ended with five consecutive days of lower daily lows (six days if you count two Fridays ago).²

Something of an upper trendline³ could now be formed by using Monday's opening price of $5.27. In extending that trendline, the gap between it and the upper wicks is beginning to increase again.

A new gap has also formed between $4.55 and $4.62.⁴

The chart is not looking good, but on a business level, some parts of KGN's operations are telling a different story. According to an Australian Financial Review article from a few days ago:

"The main culprit in the loss of [Vodafone's] customers was an 8.6 per cent decrease in Vodafone's prepaid customer base, which fell to 2.018 million. Its more valuable postpaid customer base also fell, but only by 1.1 per cent, to 3.416 million."

But Kogan - which uses the same mobile network as Vodafone - mentioned this in its half-yearly results:

"[Mobile] customers grew 5.1% during the half, with commission-based revenue increasing 6.8% during the period."

Expand

Chart aside the wiping will continue this week after first fatality confirmed in Aus.

This will take months to turn around.

KGN Price at posting: $4.46 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GRX

GreenX picks up prospective copper project in Germany

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

There are more pages in this discussion • 1,514 more messages in this thread...

First 242 Last

Add KGN (ASX) to my watchlist

(20min delay)
Last $4.32		Change -0.200(4.42%)		Mkt cap ! $434.6M

Open	High	Low	Value	Volume
$4.41	$4.45	$4.32	$2.671M	610.3K

Buyers (Bids)

No.	Vol.	Price($)
2	5046	$4.32

Sellers (Offers)

Price($)	Vol.	No.
$4.39	2308	1

View Market Depth

No.	Vol.	Price($)
1	5300	4.310
3	5753	4.300
1	233	4.290
1	3000	4.250
1	303	4.230

Price($)	Vol.	No.
4.420	6533	2
4.430	5000	6
4.450	500	1
4.460	1000	1
4.470	500	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

KGN (ASX) Chart

KGN Charts, page-242

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

KGN Charts, page-242

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News