I don't have skill as a technical trader but recall someone (rob?) remark TA has v little predictive value when volume is low like it is here. I understand the logic but still think when a stock is so lacking in FA drivers the SP can tend to oscillate within certain broadly predictable bands, and once established as such (and identified by the market) such trends can become self-reinforcing in nature.
Based on my own untrained observations, I see KPO buy zone at 5.2 and sell area around 5.8 or 5.9. I can't see SP breaching these supports or resistance points in the absence of a big shift in fundamentals (e.g. plant signing or further dilution etc), and I don't think this sort of catalyst is on the horizon in the short to medium term
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I don't have skill as a technical trader but recall someone...
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $7.459M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $2 | 547 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 7449623 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 5211446 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 7449623 | 0.003 |
9 | 11281167 | 0.002 |
6 | 8428115 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 5211446 | 11 |
0.005 | 4634271 | 6 |
0.006 | 99007 | 1 |
0.007 | 2043125 | 3 |
0.008 | 2600000 | 1 |
Last trade - 10.24am 08/08/2024 (20 minute delay) ? |
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KPO (ASX) Chart |