The technicals for KGN look awful.
Another few bad days on Wall Street could see KGN back at $6.00.
No big deal in that drop - a mere 10% from where we are today.
The bigger worry is that if there are no exciting developments or better than expected number in the next set of results.
A break below $6.00 will signal a very quick drop to $4.00 - as there is very little support below $6.00 until closer to the above mentioned downside target.
I reckon Ruslan will again be a "reluctant seller" when the next selling opportunity arrives in September.
It will be fun watching to see if Ruslan can overcome the pull of gravity on his shares.............
Holders should be taking some off the table on the off chance I just might be right.
The technicals for KGN look awful. Another few bad days on Wall...
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Last
$4.77 |
Change
-0.085(1.75%) |
Mkt cap ! $475.1M | |||
| Open | High | Low | Value | Volume |
| $4.81 | $4.82 | $4.73 | $735.4K | 154.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1712 | $4.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.77 | 862 | 9 |
View Market Depth
| Last trade - 15.03pm 19/11/2024 (20 minute delay) ? |
| KGN (ASX) Chart |