I posted on another KCN thread on here a technical analysis chart / report I received from Bell Direct about 3 weeks ago showing a significant reversal. The share price was 80 cents at the time and their analysis showed the price falling to about 45-50 cents.
This morning I have received a further update (see below) which is saying the KCN share price could drop to a range of 34-40 cents within a 44 day period.
I know this won't mean much to the long term holders on here waiting for the TAFTA decision, but for all others the technical analysis is something they may want to consider in their overall decision, as there has been a very strong bearish reversal in the past month.
Strong Bearish Chart signal
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 (20min delay)
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Last
$1.86 |
Change
0.060(3.34%) |
Mkt cap ! $478.1M | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.87 | $1.84 | $1.207M | 650.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2354 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 1596 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.86 |
Change
0.060 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| $1.86 | $1.87 | $1.84 | 30907 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| KCN (ASX) Chart |