Technically still looking bullish despite director rus kogan selling 15% of his 24 + million shares last week in an off market trade. Also, I liked their report, Bullish outlook, provided with their fy19 presentation. I'm thinking once it breaks the last swing high around 6.3ish those targets you mention are looking good.
AsxPunter
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@rutt, too many are bearish on this due to director offloading.. I guess that is not the way to approach a stock that is showing clear path of least resistance as UP
rutt
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@AsxPunter, Yeh too short term thinking going on, they'll come around. Technically I love the up channel. From a fundamnetal outlook after announcing getting into finance, I can easily see KGN with a market cap around 1 billion or even 2 +. KGN currently 500 million market cap. 1 billion would give them a share price of approx $12. I can easliy see this over the next 1 - 2 years. Looks one of the better stories atleast.
rutt
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@AsxPunter, booom!! hope you been riding this one.