The KNL chart seems to be indicating a change in sentiment to the more positive side.
The first hammer bottomed out a 18.5c and since there have been no opportunities to buy at 18.5c.
The second hammer bottomed out at 19c and afterwards there was one trading day where KNL could be bought at 19c if you were so organised as to be in the queue.
The third hammer's base is at 20c, and if the pattern is followed, then investors will find it difficult to buy in at 20c.
While I would hope, to the contrary for accumulation purposes, that the SP dips below 20c, I fear that it will not.
The KNL chart seems to be indicating a change in sentiment to...
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $52.21M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $46.28K | 402.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 444600 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 9666 | 2 |
View Market Depth
| Last trade - 15.43pm 22/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |