KGN 6.60% $4.52 kogan.com ltd

Hi all, it’s been an interesting week, it looked like it was...

  1. 1,855 Posts.
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    Hi all, it’s been an interesting week, it looked like it was back on its uptrend the suddenly bang yesterday we got teared a new one by this stock, and it wasn’t very promising today either.

    The whole of September has been quite a slow one for KGN ever since the Kogan Money/Offloading announcment.

    At the same time the ASX has been on the downtrend and very slow for other stocks as well, not just KGN.

    Patterns I have seen so far; when ASX rises, KGN goes down and vice versa.

    I still see upside to this stock, just be patient but set your stop losses as other commenters have said, who knows it could go down to $4 again. I can’t predict the future. My 1 month target price would be $6.50
 
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