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):
The last week's trading action shows 8 consecutive red candles...
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Last
$4.17 |
Change
0.000(0.00%) |
Mkt cap ! $420.4M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.24 | $4.12 | $3.020M | 723.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5621 | $4.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 4400 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KGN (ASX) Chart |