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.
@TAjames, completely agree, I have same view. looking at daily chart, I think around 20 days moving average approximately $10.20 range, would be a good buy.
when looking into it from weekly perspective, doesn't look very attractive, still being formed:
TAjames
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@AsimMirzaTrader, i believe the weekly chart is alot more appealing, but there hasnt been alot of selling this week for me to feel safe to buy some here. Definetly in a high resistance zone here however so will likely break downtrend then pull back.. given my take on the company, i would begin buying late next week and the week after following price any obvious price action movements
AsimMirzaTrader
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@TAjames, yes, looking closely, you are right, weekly is more appealing. the price is back in trend and high volume zone. I will also be watching this in following weeks.
when looking into it from weekly perspective, doesn't look very attractive, still being formed: