Hi Rossi70, I think it could go either way at the moment. From a purely technical perspective, conventional indicators are giving mixed messages:
On the yes side
the recent price rises are much steadier than the same rise (from $6-7) a few weeks ago. Compare the angles below:
Daily price still comfortably above the 200-day moving average - which has been sustained for months
On the no side
Daily trading volumes are in a downtrend - trading interest is declining (compared to similar prices a while ago)
20-day moving average was tested earlier today, but fell back down
Neutral indicators
Comfortably trading within the Bollinger Bands
I'd be inclined to wait and see - but this is only from a technical perspective, and ignoring any upcoming announcements or stock selloffs by Directors etc.
KGN Charts, page-20
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 (20min delay)
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Last
$4.94 |
Change
-0.130(2.56%) |
Mkt cap ! $497.3M | |||
| Open | High | Low | Value | Volume |
| $5.10 | $5.18 | $4.90 | $7.453M | 1.496M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16880 | $4.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.97 | 6937 | 2 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$4.94 |
Change
-0.130 ( 3.59 %) |
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| Open | High | Low | Volume | ||
| $5.14 | $5.15 | $4.90 | 153754 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| KGN (ASX) Chart |