Hi Redfrog,
I guess there are a lot of sellers at milestones like $5
Also in Mid Feb the SP was stuck at $4 then quickly shot up into the high 4s - I suspect the same is likely i.e I think it will break $5 and then shoot up
I am not speaking as charting expert just that what appears natural behaviour -i.e selling pressure at a natural profit taking milestone gets soaked up eventually and then the pressure busts thru as the resistance falls away
Anyway thats my very simple analysis
cheers,
Peteai
price being massaged down .. , page-9
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Last
$1.52 |
Change
-0.020(1.30%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.54 | $1.49 | $991.3K | 656.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2369 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 3601 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |