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
$4.33 |
Change
0.040(0.93%) |
Mkt cap ! $436.5M | |||
| Open | High | Low | Value | Volume |
| $4.31 | $4.36 | $4.25 | $2.324M | 540.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 742 | $4.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.35 | 7736 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$4.33 |
Change
0.040 ( 0.71 %) |
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| Open | High | Low | Volume | ||
| $4.29 | $4.35 | $4.25 | 116810 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| KGN (ASX) Chart |