The last week's trading action shows a rise above the previous resistance around $9.00.[1]
On Tuesday there was a firm selloff down to $8.35, but this was quickly followed by Wednesday's bullish engulfing candle.[2]
The price briefly jumped to $10.02 on Friday.[3] That may have been an all-time high. After topping that summit, it led to a quick selloff, and a long-legged doji (almost a gravestone doji).
It's not very confidence-inspiring to see that kind of candlestick at the end of a long rally, but the trading volumes during the $9-10 range have been high, with about 2 million each day.[4]
On the weekly chart, the previous doji (from 2 weeks ago) has been followed by another green candle with a much thicker body; the wicks were pretty long though, reflecting a combination of recent volatility and/or indecision:
The last week's trading action shows a rise above the previous...
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Last
$4.20 |
Change
-0.050(1.18%) |
Mkt cap ! $423.4M | |||
| Open | High | Low | Value | Volume |
| $4.25 | $4.30 | $4.19 | $1.082M | 256.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 12458 | $4.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.21 | 14073 | 20 |
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| Last trade - 14.24pm 25/06/2024 (20 minute delay) ? |
| KGN (ASX) Chart |