KCN 4.90% $1.07 kingsgate consolidated limited.

Strong Bearish Chart signal, page-7

  1. 1,310 Posts.
    lightbulb Created with Sketch. 36
    KCN has outperfomed based on what grounds? sneaky.png

    The 2020 Financial report showed a pre-tax loss for the Group before significant items of $24.2million and they have 2 mines that are not making any income.

    So the price increase of KCN in my opionion was based on pure speculation that the TAFTA result would come in, traders got involved and pushed up the share price.

    Based on your chart, KCN looks like it's heading back down to meet the other 3 companies you have mentioned when their share price was trading on a similar pattern in July.
    If that's the case, the Bell Direct technical analysis I posted could be right on the money as to where the KCN share price could be heading.



    Last edited by Mr.Dollar: 22/11/20
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.07
Change
0.050(4.90%)
Mkt cap ! $242.0M
Open High Low Value Volume
$1.00 $1.07 $1.00 $704.2K 674.3K

Buyers (Bids)

No. Vol. Price($)
1 10000 $1.06
 

Sellers (Offers)

Price($) Vol. No.
$1.07 83299 3
View Market Depth
Last trade - 16.10pm 22/01/2021 (20 minute delay) ?
(live)
Last
$1.05
  Change
0.050 ( 3.96 %)
Open High Low Volume
$1.04 $1.07 $1.02 117343
Last updated 15.53pm 22/01/2021 (live) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.