KSN 2.56% 7.6¢ kingston resources limited

Daily looking good, bounced off 2.1c now three times, the MACD...

  1. 6,432 Posts.
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    Daily looking good, bounced off 2.1c now three times, the MACD is still in a downtrend for the moment but starting to get close to it's bottom, whether that's current level at 2.1c can't be a guarantee but so far has acted as great support level.

    Low Volume Pullback at the moment, with supply at this level dropping off.

    KSN also closely follows CXO, our rise has really only been due to CXO and our peak also aligns with CXO peak at 15c and it's now at 9.5c so can see why KSN has dropped off.

    Need our own news for KSN to start moving up on it's own.

    60min and 30min charts showing a reversal with the MACD bottoming out and turning up, so I think the current 2.1c support level will hold for now.

    At $14.5m MC with $7.5m cash I wouldn't be selling up in hopes to get in lower or thinking to come back later, too cheap at this level and won't stay for long. Was only September this was 1c-1.6c.

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Mkt cap ! $53.73M
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7.7¢ 7.9¢ 7.4¢ $46.03K 604.5K

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No. Vol. Price($)
1 25000 7.5¢
 

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Last trade - 15.57pm 08/08/2024 (20 minute delay) ?
KSN (ASX) Chart
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