Kgn may continue to fall due to the overall current market...

Kgn may continue to fall due to the overall current market conditions, supply chain issues and their recent problems with inventory allocation. Once market conditions settle, (I estimate by the end of 2023 these issues should be fully resolved), when kogan returns to profit I estimate share price to trade between the $5.00 - $8.00 range based on the 2018-2019 pre pandemic prices however due to recent investment in a wide range of goods and services, kogan is quite diversified and capable of travelling a lot higher, say $10 upwards.

This is a minimum of a 2 year play to be safe and get back to pre pandemic profit levels. The end of financial year report due in August could be a potential catalyst to send the share price either lower or higher, however it has performed, but I don't believe the share price will drop below $2.70, if it does it will be an absolute bargain for long investors.Looking at

the current market conditions and seeing that kogan is still a cheaper option during times of higher prices people will choose the cheaper option. It's human nature.With a potential upside of between 36% - 60%+ within 2 years, I believe at the current price of $3.22 this share is now well within the buy range for a minimum two year investment horizon, however $2.70 being the resistance level from November 2018, if it should drop to that price, should not be broken between now and December 2023, by then I highly suspect the shorters, namely JP Morgan and the like would have thoroughly abandoned the company and interest rates, inflation etc. should be more stable.

If perhaps I am wrong and $2.70 is broken before the next financial report (expected august this year) I estimate that until kogan returns to profit, or market conditions ease, namely interest rates stabilizing, trading range would remain between $2.30 - $2.70. Anything below that and Kogan is a take over target.