What date was your holdings reference taken Sonu?
I have a live update trading account and the numbers paint the picture with substantial reductions from Cat Rock (down 11%), Vanguard (down 5.7%) and Dimensional Fund (down 14%) with total sales of 4,832,412 shares. Quite substantial considering it only takes 320,000 shares to be in the top 25% of holders. and >3,000,000 to be in the top 6 holders.
I did expect another article form AFR to come out and the reaction has presented a mighty fine buying opportunity. Was thinking it'd settle now that we are 43% from the recent all time high just 52 days ago! Some great opportunities for a swing trade as we are still in a upward trend channel on the technical, with fundamentals also having generally good sentiment outcomes. Clearly some big sell-offs driving the price down from the institutions, but it's definitely in oversold territory for the short-term. There is only so far down it'll go in one rally and 43% over this timeframe is a pretty steep drop without some intermediate rally to balance it out.
KGN had some fairly bullish buying volume today after having a similarly strong downward trend over the last couple of months so there are a few indications the downward retail spiral is slowing.
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Last
$2.64 |
Change
0.050(1.93%) |
Mkt cap ! $1.012B |
Open | High | Low | Value | Volume |
$2.62 | $2.68 | $2.61 | $2.565M | 966.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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33 | 37644 | $2.64 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.65 | 22963 | 26 |
View Market Depth
No. | Vol. | Price($) |
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19 | 22296 | 2.650 |
24 | 46719 | 2.640 |
19 | 54046 | 2.630 |
12 | 50419 | 2.620 |
9 | 193621 | 2.610 |
Price($) | Vol. | No. |
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2.660 | 36521 | 37 |
2.670 | 36100 | 19 |
2.680 | 55760 | 15 |
2.690 | 49967 | 10 |
2.700 | 218112 | 8 |
Last trade - 11.35am 21/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 11.53am 21/05/2024 ? |
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