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KOGAN.COM LTD

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KGN trade ideas

KGN - Medium term Bearish Trend ConfirmationBearish 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 price to get weak at or near (Resistance 1 ~ $20.00 level) or (Resistance 2 ~ $22.50 level), where sellers will attempt to dump the stock. I expect price to get dumped. The ideal level and extremely Strong Support Zone is between $9.00 - $10.00, but it is not necessary that price may drop all the way down to $10.00. There may be little swings on the way down but will have to see where KGN finds strong support. I would be a confident buyer at that strong support level for a long term position. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:KGNShort
by AsimMirzaTrader
1
100% up trend. See Concept of Higher low and Higher HighASX: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 a stock under down trend asset or too much in frustration period. Basic Analysis: - During the 2nd wave of COVID19 lockdown, KOGAN as the leading online shopping platform, it's still got a very strong growth potential. - Kogan is expending a lot more products line and more services even across other industries, so it's got unlimited potential
ASX:KGN
by benyippan
3
$KGN:ASX - KOGAN.COMHave 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 with a portfolio of retail and services businesses that includes Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Broadband, Kogan Insurance and Kogan Travel. Its offerings comprise of consumer electronic products and general merchandise released under its in-house brands, such as Kogan, Ovela, Fortis, and Komodo; and sourced from imported and domestic third party brands such as Apple, Canon, Swann, and Samsung. Kogan.com also offers travel packages through Kogan Travel and prepaid mobile phone plans through Kogan Mobile. The company was founded by Ruslan Kogan in 2006 and is headquartered in South Melbourne, Australia.
ASX:KGNLong
by zAngus
16
A short term look at Kogan KGN/AUDKogan started looking bullish after bottoming from it's huge drop in October (41%) but has since formed a short term rising wedge pattern. Within the rising wedge, price has formed a mini falling wedge, potentially suggesting a small rally toward the top of the rising wedge (toward the orange box area on the chart). If price breaks up here we may expect a measured move somewhere between 3.58 and 3.70. I am currently long since 3.11 and will be looking to take some profits near the top of the wedge (orange box). If we do not get this small rally and instead break down immediately I will be exiting my position and waiting for a re-buy on support around 3.05. After this short term action, price is likely to break down from the rising wedge. A measured move from this break implies a measured move that lines up almost perfectly with horizontal support, located at 3.04 - 3.05. This is where I will be looking to re-enter my position (green box), ideally for a longer term hold. If the $3 level does not hold, there is no major support until $2.70. Fundamentally, Kogan looks good and after such a brutal 70% drop during 2018 some relief could be expected in the longer term. If price action can start to recover then I will be looking for a longer term hold on KGN. Until then I will be watching for signals and taking profits when necessary. Happy trading!
ASX:KGN
by Tom177