I believe the bet here can be broken down simply:
1. Will EOS go above UP? Yes. That's too easy.
Now to the speculative tough bit, short term and catalysts:
1. The catalysts, contracts/work, are in the bag, but are they in the sp? I don't think so.
2. Will the sp dip below the placement's $2.91? I think it might, partly because of outside markets, partly because of general market lack of interest in EOS viz. daily volume.
2a. Will the sp go above $2.91? I think certainly, from soon to medium term and on. It's fundamental.
Currently shorts aren't an issue. Almost by tradition they gather around a placement; not yet, if ever:
https://www.asx.com.au/data/shortsell.txt
This could be a function of: a fine cr price; too soon to tell; they don't care; the risk-reward is not profitable enough...
For now I'm neutral about $2.91, and will stay pat. It then becomes about the dip -- IF it appears -- I'm inclined to BTFD.
OV
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Last
$1.30 |
Change
-0.095(6.83%) |
Mkt cap ! $271.0M |
Open | High | Low | Value | Volume |
$1.41 | $1.42 | $1.29 | $1.015M | 761.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7975 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 5196 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1467 | 2.820 |
1 | 5357 | 2.800 |
2 | 150 | 2.780 |
1 | 3000 | 2.770 |
1 | 555 | 2.700 |
Price($) | Vol. | No. |
---|---|---|
2.850 | 5000 | 1 |
2.890 | 3300 | 2 |
2.900 | 65000 | 2 |
2.930 | 2000 | 1 |
2.940 | 3100 | 2 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
EOS (ASX) Chart |