An ascending triangle pattern has recently emerged in the shorter timeframes of Kogan (KGN) stock, suggesting an interesting technical development. Simultaneously, when we examine the weekly chart, we notice that KGN is currently trading just below the 50% Fibonacci retracement level.
The convergence of these two factors presents a notable opportunity for...
Kogan.com has reported a "return to profitability" happened in January, when it recorded its first positive underlying earnings since July 2022, totalling $1.5m.
It is down a LONG way from its old highs. Will be interesting to see if this is the start of any kind of price recovery.
Might be a bit too soon, but one to watch.
KGN once again falling below $10. However, the last few occassions that this has happened it has found support at VWAP of all data.
1D chart does look like its basing here.
ASX:KGN
Big movements upad down i dont like, was hoping to see a base, but price action is looking good on daily. Position here with stop at 10.90 is a good low risk play. Broken and retesting downtrend today, if it falls back below the line, no good. But as long as it stays above, a base can be made and a push to break $12 on the cards next week or the following week.
Been a long watch for Kogan again, but it is looking healthy and ready to break the downtrend. I would leave it on watch for a couple more weeks and see how it goes. Coming into christmas shopping time and i believe kogan is the amazin of Australia. So keep it on watch and if it breaks trendline, look for an entry.
Could be a bigger week next week if the report is good. Getting close to the long term downtrend if it breaks could see a medium term mpve to $18.
Quite suprised how well its moved the last few days leading up to the report.
I would wait for a better entry on the hourly..
KGN disappointing results and lack of growth post-Covid has hammered this stock from highs back down to under $10. Now hitting support from early 2020, but should this break, then it's back under $8. Holders will be dumping before EOFY as well, likely.
* Strong support at weekly charts.
* Good bottom finishing the left half at 5 minutes chart.
* Huge volume and gaps now in the daily chart.
* Online retailer is the future.
Very good chance this is bottom in years. However, stop loss if a daily close price breaks 10 again.
KGN had been plummeting hard but now it has shown some kind of support. Seems that Buyers have stepped in because of the recent bullish price action and price could move higher. At this time it is very hard to say that the Bearish Trend is over, but there could be a possibility for price to move up and provide a gain of 10% and move higher to the next resistance...
