Sellers take control to push price lower and trigger the sell entry

Sellers continue to pressure KGN to trigger the sell entry level at 6.05 so the alert is now active.

The stop loss is held at 6.55


Original Alert 10/9/18

New Sell Entry Alert KGN

 

Time Frame : Daily/Weekly

Sector : Retailing

Key Stats : $590.36 Million Market Cap, VWAP 6.282, ASX Ranking 327, 4 Week Av Turnover $6,498,616, Todays Current Turnover (intraday) $49,112,643, PE 41.7, Div Yield 2.06%.

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.com Limited

KGN is finding weakness as investors are unhappy with Directors selling shares in the company. We are now watching the 6.10 mark for a break and to trigger further selling pressure. Happy to sell with a push down through 6.05 with the stop loss to be held at 6.55. If price pushes higher through 6.55 prior to entry then we will cancel the alert and re-assess the action.

 

Stock Code : KGN – Kogan.com Limited

Company Website : www.kogancorporate.com

Current Price : 6.31

New Sell Entry Level (Trigger Level) : 6.05

Potential Buy Exit Zone (Stop Loss) : 6.55

Status : On watch for a Sell entry trigger