The last week's trading action shows 8 consecutive red candles to push the price back under $7. Friday's hammer candlestick saw prices fall as low as $6.60 in intraday trade, before recovering somewhat, to end the week at $6.79:
The weekly chart tells a similar story. It suggests a somewhat extended bull flag that is churning between $6 and $7:
Back to the daily chart, a past intraday low of $4.85 (from August 6th) and high of $7.50 (on October 23rd) can be used to demonstrate a Fibonacci retracement to around 23%. Since the October high, daily price action has stayed mostly within that retracement level (red band):
KGN Charts, page-34
-
- There are more pages in this discussion • 1,722 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KGN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.27 |
Change
0.050(1.18%) |
Mkt cap ! $429.6M | |||
| Open | High | Low | Value | Volume |
| $4.23 | $4.31 | $4.21 | $1.026M | 241.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 761 | $4.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.28 | 2898 | 3 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| KGN (ASX) Chart |