KGNX Charms Kuwaiti Skin Care Market With 24KT Gold Cosmetics Collection
Good Morning!
The beauty industry is known in some circles as the “recession proof” business model and skin care is one of the industry’s biggest sectors.
In 2013 the global market for skin care products was worth well over $105B and the forecast CAGR through 2020 is 5%. Incidentally, consumers will spend a whopping $148 billion a year on skin care products by 2020.
Investors have awoken to the unbridled growth potential of the skin care sector and right now companies in the space are getting a lot of attention.
Companies like KGNX are now fully on the radar which means huge potential trading returns for smart traders who get on board early.
KGNX has opened an expansive corporate office in Chino Hills, California. If that wasn’t enough to whet your appetite, the company is now a big industry name thanks to its recent participation in the 2015 International Esthetics, Cosmetics and Spa Conference.
And one more thing, KGNX has now been approved by the Kuwaiti Health Ministry for the importation of its flagship 24KT Nano Gold cosmetics collection.
Those are what I call no-brainer fundamentals and considering that the public float for KGNX is fewer than 11 million shares you should make your move on this gem ASAP.
KGNX’s Must-See Technicals
KGNX is ready to ramp up distribution for its flagship cosmetic product line. The company recently setup a 90,000 sq. ft. corporate location in Chino Hills, California
KGNX was recently approved by the Kuwait Health Ministry for the importation of its 24KT Nano Gold cosmetics collection. KGNX also recently got its Nano Gold Eye Serum on the shelves of Costco stores in Canada.
KGNX is filled with bounce potential. The play has a RSI of 38 which means it’s oversold [position is strong catalyst for upward movement.
KGNX has very strong upside potential from current levels. The 20 DMA of 60 cents is 15% above current valuation.
KGNX looks ready to test its 4-week high of 64 cents, presenting short term upside potential of 23%.
KGNX has 12-month high of $1.00. Strong rallies to as high 85 cents are a strong sign that the play could be getting ready top test its strong historical high.
About KGNX
KGNX KollagenX Corp. manufactures and sells skin care products in the United States and internationally.
KGNX offers 24KT gold face masks, under-eye masks, gold eye serums, gold hydrating creams, gold cleansers, and gold lip glosses under the KollagenX brand for professional market.
KGNX also provides 24KT gold toners primarily for commercial applications and services.
KGNX And New Generation Of Batteries Could Tap Projected $24.1 Billion Market
According to the report, the global skin care products market was valued at $105.24 billion in 2013 and is anticipated to reach $148.32 billion by 2020, expanding at a CAGR of 5.0% from 2014 to 2020. Asia Pacific is dominating the skin care products market in 2013 and is expected to maintain its leading position over the forecast period. With the increasing awareness for proper skin care and concern towards healthy living consumers are showing preferences for skin care products in Asia Pacific.
Changing lifestyle and consumer preference for flawless skin in the major markets such as China, Japan, France and U.S. are contributing in the growth of skin care products market.
Major News Development
KGNX Expands Corporate Operations In Chino Hills, California
KGNX expanded their corporate offices in Chino Hills, CA. The company has expanded offices to help facilitate the need for more of a retail feel for visiting customers. KollagenX® has been expanding their online presence driving retail sale orders.
A new location for small shipments of orders and visiting customers is needed to allow a more personal one on one visit. KollagenX® will still have all bulk products stored and shipped from their existing 90,000 sf location in Chino Hills, CA.
To learn more about KGNX please visit their website: www.kollagenx.com
KGNX is a true beauty both from the fundamentals and technical setup standpoint.
Make your move ASAP.
