I would treat the most recent spike with some caution. There was a feeding frenzy yesterday with a buyer or buyers snapping up anything up to about $1.95. They stopped buying and the SP pulled back - from memory to a low of $1.78 before recovering a bit. This morning there is a big parcel of shares on the sell side sitting at 1.85 which seems to be capping the price a bit. Of course, this could all change in a heartbeat.
I sold out yesterday at $1.95 for a 30% gain. The SP had just run too hard too fast imo on rumour rather than concrete news. I think the long term prospects of this company are excellent and I will buy in again under $1.80 if it gets that low. My trading philosophy is to lock in gains when I have them rather than get caught in a FOMO mentality. I have been bitten by that too many times and ridden SPs up and back down again.
I would treat the most recent spike with some caution. There was...
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Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $271.0M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.27 | $1.122M | 873.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 7938 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EOS (ASX) Chart |
