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...
Right Shoulder Forming Wait for bullish Heiken Ashi candles to form - longs top preferred Wait for MACD confirmation Exit at descending triangle resistance / inverse H&S neckline Potential breakthrough DT resistance and inverse H&S neckline
Had nice rally in the past but failed to make a higher high. Looks like its going to make a triangle pattern if purple support holds and breakout will provide a good rr trade opportunity. Alternatively if purple support breaks on daily level short till the gap which is fibb .618 level. That's my plan anyways. Will trade cfd only. No overnight holds. Appreciate...
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...
Rebound off of dip. Stop loss in place for potential EOD dump. Would look to rebuy Friday/Monday.
Earnings are on the 17th of August. Watch the price action closely in the lead up.
ASX:KGN Technical Analysis: 100% no doubt up trend is still going to be long way. See Concept of Higher low and Higher High Every "Higher low" is Higher then the previous "Higher High" The previous HH is setting up a new supporting power to push the price a lot higher!!! Of course, it won't be forever, but at lease a smart investor will not risk the money into...
Entry: 16.89 TP: Sell on resistance SL: MA20 breakdown
Expecting 1 more high from this count, level marked needs to hold....send it!
Have been on Kogan for a little while running a trailing sell of 12%, but have tightened to 10% in case there is a reversal as the trend is weakening. Volume is down on the down days so might be okay. Alternatively if it does resume its run might be a good entry point or chance to top up. Worth a watch either way. Kogan.com Ltd. operates as an online retailer...
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.