I agree. The fundamentals indicate value at these prices IMO. However it looks like the technical set up is working against us at the moment. We almost got out of it last Thursday however as you said someone sold it back down. I see two scenarios playing out; either we have to go through a capitulation phase first (further sell down) before moving higher OR we get some more news/interest that can get the price through the resistance in the low 2's.
Either way for now I'm holding to see this play out. And trying not to paint the wall in the mean time, if you know what I mean.
I agree. The fundamentals indicate value at these prices IMO....
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Last
$2.50 |
Change
0.020(0.81%) |
Mkt cap ! $2.392B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.53 | $2.49 | $6.193M | 2.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 31923 | $2.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 119324 | 6 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |
