Motley Fool wrote a report on KGN back in July 20, 2017 when...

Motley Fool wrote a report on KGN back in July 20, 2017 when price was around $2.02.

The article stated:

"At the current share price, Kogan appears expensive, especially given the Amazon threat. Foolish investors might want to steer clear for now, with better opportunities out there." [1]

Subsequent to that article, KGN has increased by 334%. The corollary is that strong trending stocks keep going higher for longer than most expect.

Looking back to July 20, 2017, the KGN chart showed no signs of selling pressure. All short and longer-term moving averages and momentum lines were moving up. In fact it was an ideal time to buy as KGN was coming out of a base where price had very recently traded above the 200-day moving average.

A useful trend-following trading strategy is to follow Motley Fool media report coverage of new 52-week high stocks, and then check chart conditions for a buy signal. Their fundamental analysis coverage is likely only useful for buying. Ignore any Motley Fool sell recommendations when the chart doesn't indicate it.

1. https://www.********.au/2017/07/20/the-kogan-com-ltd-share-price-just-hit-another-52-week-high/