Hi All,
I've been following KGN for a few months. It seems to follow Dow Jones index closely. However in the last 5 trading sessions, the Dow index has gone up every day, yet KGN has dropped nearly every day during the last 5 sessions. Furthermore, I realised in the past, it has dropped suddenly but yet in the course of the day, it will still spike up high and so for traders it can be a sign for taking profits. But this did not happen in the last 5 trading sessions.
Furthermore, normally, the spread between buy and sell could be a few cents with small buy and sell volume before the last 5 sessions. However, in the last couple of days, the spread is 0.01 cent with lots of sellers at each level. Something has changed dramatically in the last 5 sessions but I don't know what causes it since there are no announcements apart from today. Today's announcement I thought was positive for KGN as Blackrock has accumulated 5% of KGN, yet the shares opened 0.02 below yesterday's price and continued to drift lower throughout the day. Does anyone have a good explanation of what is happening to KGN during the last 5 sessions and what their views are on the direction of the share prices in the next week?
Disappointed,
Isdhope
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What is happening to KGN's share prices in the last week?
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Last
$4.49 |
Change
-0.020(0.44%) |
Mkt cap ! $451.7M |
Open | High | Low | Value | Volume |
$4.52 | $4.61 | $4.45 | $2.516M | 556.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1519 | $4.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.51 | 1656 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1519 | 4.480 |
2 | 6519 | 4.470 |
5 | 11727 | 4.460 |
6 | 12831 | 4.450 |
4 | 5398 | 4.440 |
Price($) | Vol. | No. |
---|---|---|
4.510 | 1656 | 1 |
4.520 | 2175 | 2 |
4.530 | 3175 | 3 |
4.540 | 2175 | 2 |
4.550 | 519 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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KGN (ASX) Chart |