KGN touched current levels about a week ago and bounced of what I suggested would be support.
The stock has today come all the way back after its heroic bounce.
So, we are now re-testing support.
This has happened on the day that Rus and his mate reminded the market that he will be offloading more stock with a month.
This is not a situation that anyone should be pleased with.
A break of support here will not be pretty and it likely won't take much for it to happen.
A couple of weak holders or some trader with a nervous tick.........
Maybe it will bounce?
Good luck.
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Last
$3.67 |
Change
0.000(0.00%) |
Mkt cap ! $365.6M | |||
| Open | High | Low | Value | Volume |
| $3.67 | $3.70 | $3.66 | $2.576M | 700.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24569 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 2170 | 2 |
View Market Depth
| Last trade - 16.10pm 18/09/2025 (20 minute delay) ? |
| KGN (ASX) Chart |