KGN 0.19% $5.14 kogan.com ltd

Kogan.com Ltd forms bullish "Outside Bar" chart patternApr 28,...

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    0 Kogan.com Ltd forms bullish "Outside Bar" chart patternApr 28, 2021
    Trading Central has detected an "Outside Bar (Bullish)" chart pattern formed on Kogan.com Ltd (KGN:ASX). This bullish signal indicates that the stock price may rise from the close of 10.82.
    Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term. An Outside Bar (Bullish) develops during a strong downtrend, when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior downtrend and potentially a reversal.
    This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
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