if anyone is interested in seeing how shorts walk out of a stock without anyone noticing, have a look at the small green candle on 12th June[O:12.65, C:13.15, H:13.75 L:12.39]. 2.8 million total trades that day. approx 1.4 million drop in short positions on the same day. No panic, silent and smooth.
Now the short positions are around 500K. No confidence shown in shorting this stock. At some point shorts will be back in big numbers. My guess is around $17-19.
So much upward momentum in this stock. below $15 looks like a good entry point for a short term hold. At one point I thought $8-10 was a bit pricey. Can't wait to know more about what Ruslan and Co plan to acquire. This will set the new base for KGN.
KGN Charts, page-454
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 (20min delay)
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Last
$5.16 |
Change
0.010(0.19%) |
Mkt cap ! $519.8M | |||
| Open | High | Low | Value | Volume |
| $5.15 | $5.18 | $5.10 | $725.1K | 141.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 945 | $5.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.16 | 4273 | 21 |
View Market Depth
| Last trade - 13.42pm 14/10/2024 (20 minute delay) ? |
| KGN (ASX) Chart |