One stock making a comeback after a fall from highs

Potential Buy Entry Alert to Watch KGN

Time Frame : Daily/Weekly

Sector : Retailing/Consumer Cyclical

Key Stats : $488.33 Million Market Cap, VWAP 5.243, ASX Ranking 357, 4 Week Av Turnover $2,864,485, Current Turnover (Intraday as at time of alert) $430,124, PE 37.0, Div Yield 2.34%.

Company Overview : Kogan.com is a portfolio of retail and services businesses that includes Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Broadband, Kogan Insurance and Kogan Travel. Kogan is a leading Australian consumer brand renowned for price leadership through digital efficiency. The company is focused on making in-demand products and services more affordable and accessible.

Broker Consensus : BUY

KGN – Kogan Limited

KGN is making a comeback after a fall from highs around 10.00 in June last year. We see that the momentum is building and price is in a prime position for buyers to start to build for a new leg higher through 6.50 as it works its way back to highs. Watching now for volume to pick up and buyers build the higher low for the entry.

Stock Code : KGN – Kogan Limited

Company Website : www.kogancorporate.com

Current Price : 5.13

Status : On watch for potential higher low and push up through 6.50