The last fortnight of price action has seen a 10% gain. Lat week saw an with an intraday touch over $9 - the first time this has happened in two years. Recent candlesticks are suggesting a period of consolidation, with some resistance around $8.85.[1]
It almost feels like KGN is taking a breather. This is seen more clearly on the weekly chart, where the last week's candle shows a spinning top. This is noticeably different from the candlesticks of previous weeks, which had much larger green bodies.[2]
Back to the daily chart, look out for a possible golden cross this week, where the 50-day moving average (yellow line) goes up over the 200-day moving average (blue line). This also happened a year ago, which led to a short-term reversal.[3]
The last fortnight of price action has seen a 10% gain. Lat week...
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Last
$4.23 |
Change
0.010(0.24%) |
Mkt cap ! $425.6M | |||
| Open | High | Low | Value | Volume |
| $4.22 | $4.33 | $4.22 | $1.622M | 380.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4778 | $4.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.26 | 742 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |