Bingo Moleman, that's how I see it too. The pro's who knew the news was coming have locked in some of their 25-30% profits and shaken out some the weaker hands too. The 12-month double top at $5.74 is now acting as support before the next run higher.
Doesn't the chart look great? Now that is a massive run-away gap if ever I saw one! Nice to see an upside gap instead of all the downside ones lately for our goldies.
No matter how you slice and dice and discuss the details, KCN is fundamentally brilliant value. While the lions feast and play games with the price, I'm tempted to go way overweight and keep accumulating more of the stock.
Rowingboat.
should i hold until tomorrow or sell now, page-25
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Last
$1.37 |
Change
0.010(0.74%) |
Mkt cap ! $353.1M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.32 | $560.6K | 417.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3932 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |