Strong break up through an ascending triangle which is bullish, so momentum traders are piling on.
Sellers have dried up, very few shorts recently.
Was also a positive KGN story in The Australian yesterday (by Kirby).
Both revenue % growth and gross margin % are increasing, so earnings should be accerlating squared!
Prices for products are coming down therefore attracts more buyers.
The case for a $10 share price, page-6
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Last
$4.69 |
Change
-0.100(2.09%) |
Mkt cap ! $473.4M | |||
| Open | High | Low | Value | Volume |
| $4.79 | $4.83 | $4.65 | $1.469M | 309.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2900 | $4.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.69 | 16745 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| KGN (ASX) Chart |