Kogan started looking bullish after bottoming from it's huge drop in October (41%) but has since formed a short term rising wedge pattern. Within the rising wedge, price has formed a mini falling wedge, potentially suggesting a small rally toward the top of the rising wedge (toward the orange box area on the chart). If price breaks up here we may expect a...
Nice rounding bottom then start of a uptrend, about to breakout. Price target $4.50 to close the gap and test previous support, would like to see volume increase though.
Strategy for Kumo Breakout? KGN - KOGAN.
The guy is clearly smart,integrity driven with a strong team. I took profits few weeks ago at around 8$ after buying around 1.9$ per share now 2 days ago I bought again around 5.1$ and going to hold for awhile.
ASX:KGN Double top formed. Should there be another leg down, target the 2 support areas for shorts. Stop-loss @ $7.46.
Been holding the stocks since the IPO. Reasons - a) Strong team. b) The CEO is one of the best. c) Solid profits every year. etc. I'll hold for a few years unless something unexpected happens.
Share prices surged past the resistance trend line in the opening of Friday's session but pulled back below and spend about an hour before breaking out again and clearing the path for the second and the third stage of the days trading session. It's looking very strong to the upside. Resistance is at around 8.96 and support is at 8.69 and 8.50
This is a follow up post. KGN looks forwards to reach $7
It takes nearly one month for KGN to break the thick cloud. Now KGN is facing another challenge, the resistance level near $5. Please keep an eye close because it may have a higher chance to break the resistance level as the future cloud told us. Short term support = Tenkan-sen @ $4.60
These two charts are pretty similar. FZO, a slightly rebounced from the purple trend line, let'see if it can break the downward trend line. KGN, Refer to my previous analysis, it is likely to retest 3.25 or 2.8 on weekly chart. By looking at this graph, it may find some support at the purple trend, and the interesting part is the price can be $3.25 as well.
From the news, we knew that KGN founders sold 3 million shares at $4.25 each No matter what kinds of news are spreading right now, the W chart on the right has already told us how "Dark cloud cover" works. This candlestick pattern occurred on 16-Oct, few days before the news announcement. If you hold this stock, then I recommend you to sell at the retracement zone...
I don’t know how many of you know a stock analysis program called “VectorVest” Today, I will show you how to make money by its powerful search Midas Touch Basically, you may use the default settings in the program. For advanced users, you may amend the parameters to suit your taste. Steps 1) Open your VectorVest program, select AUS market. 2) Go to UniSearch...
What a dramatic result ! 18% gain yesterday to touch the simple trend line resistance, but 6% loss today to form a dark cloud cover pattern on both 4H and D charts Correction to be taken place to recent high at $ 2.63 (Fib Ret. 50% level)