Looks like panic selling has kicked in lol, the chart is already looking way oversold at 12c... silly to sell at this level.
The two pivot support levels are 12.6c and then 11.7c - with 11.8c being the 38.2% retracement from 4 week high - so should hold 12c (or 11.5c) fairly nicely, would be a decent entry for anyone on sidelines IMO.
Anybody who thinks a stock is going to grind it's way up to steadily for as long as it has only to be dropped like a hot rock in one day is kidding themselves. Has none of the characteristics of a pump a dump, not concerned here - only takes $25k to push the SP back to 13.5c.... drop in the ocean really and shows the real lack of sellers (regardless of what the SP says).
Volume traded between 10.5 -> 12.5 in the last 2 weeks has been significant, this will hold as a strong support - trust in the VWAP!
30min chart btw
- Forums
- ASX - By Stock
- KNM
- Trading, Charts, and Running Commentary
Trading, Charts, and Running Commentary, page-31
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KNM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.576M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
KNM (ASX) Chart |
Day chart unavailable