KGN 1.19% $4.25 kogan.com ltd

I like the logic, Frazzy.SP has been struggling for some time...

  1. 177 Posts.
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    I like the logic, Frazzy.

    SP has been struggling for some time (as has ecommerce on news of the vaccine and.. directors committing corporate suicide). Grudges aside, I can't help but notice how nicely SP has been consolidating into a bullish continuation pattern over the past week, and also coincidentally closing in on the 2/1 breakout on the Gann fan.

    I thought there may have been trouble today after yesterday's bearish engulfing candle? Seems to be holding. Next few days could be interesting. Worth a punt at this price.

    https://hotcopper.com.au/data/attachments/2721/2721088-d72963fe18e024f75f1bc4707fce5d01.jpg

 
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Last trade - 15.59pm 26/06/2024 (20 minute delay) ?
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