The overseas market was the straw breaking the camel's back...

The overseas market was the straw breaking the camel's back today for KGN - some major support lines were being tested on the pitchforks the last few days, and it only really needed a slight nudge to bring the house of cards tumbling down as you can see from the charts.

Highest sell signal on the 6-month RSI since March tinkering on the edge of being oversold (usually a good time to buy/top-up).

Putting it down to bad timing and luck with last nights movements in the US markets and tech stocks.

I'd encourage to top-up now but I don't have any further guidance on my charts at the moment, hence I've changed my sentiment to *hold* for the day.

A finish above $19.60 today might offer some hope of a quick recovery next week IMO.

As other posters have pointed out, all things remain equal with KGN - it still has $150m cash at bank. Looks to be just another healthy tree-shake to remove the fickle and salute the headstrong True extent will be revealed next week.