KGN hovering above support level on weekly. Bottom of megaphone pattern. In the middle of a trading zone on daily. Had a strong finish to the day yesterday on 1H, looking for entry on a pullback. Target, next level up. Just noticed that the break of 1H trend came from a nice hold of PoC level.
KGN had a strong impulse move with earnings. It's tested the 66% fib 3 times and making HL, descending triangle. 50/50 on whether it BO or fails. I almost took the trade on friday. A higher probability trade is to wait for the BO and look for a pullback to PoC of triangle consolidation period. An aggressive trade is to enter at support, and take a smaller loss...
KGN Dow theory entry on a weekly chart. Have taken a position and will be looking to hold for 6-20 weeks. Set stop loss under last trough.
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
* 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...
Bearish Trend Confirmation Indications: 1. The trend has got weak on the weekly and Monthly with Bearish Engulfing Candles and High Volume 2. The price has broken the trendline and formed a lower High and a lower Low which is confirmation of a bearish trend 3. The down move was a powerful and impulsive wave I expect price to retrace on the upside, and I expect...
need more appreciation to approx 60 PLN to finish up the sequence. Below (4) low we got another subscenario.
Kogan up 88% off the lows. Well done to traders and investors that have picked this stock up. If you have made big gains, it would be a good idea to take some profit today or by end of the week. Td Sequential is showing a green 9. This give us a top/sell signal.
Kogan, one of my favorite stocks in Australia had a great run in 2019. Time for it to retrace back to trendline or the 50-day moving average. MACD is starting to turn bearish, RSI is already heading down. I would sell and buy Gold Stocks in the short term.
ASX:KGN Double top formed. Should there be another leg down, target the 2 support areas for shorts. Stop-loss @ $7.46.