I think it's unlikely to trigger a downtrend, and that strategy you mentioned would lose out overall, due to the strong business model of the company and the inherent value that it has due to it's potential. So people should be very willing to put more into it now that it's 20% lower. I guess the issue is that has been mentioned that people who know about this stock have probably already bought up all they are comfortable risking, and what is needed is more PR/IR on the stock. Anyone should be able to see this, and if I had more cash and a lower share holding percentage in my portfolio, I would be buying up more right now.
I'm not a chartist, but I read here https://colbypost.com/trading-watch...-price-increase-for-dropsuite-limited-dse-ax/ that the numbers suggest that the stock is slightly overbought. I say codswollop to that, since it may currently be overbought technically, but it's still undervalued imo due to their year on year potential growth in earnings from their business model.
Buy up now at a good price I reckon!
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Last
$4.18 |
Change
0.080(1.95%) |
Mkt cap ! $239.5M |
Open | High | Low | Value | Volume |
$4.10 | $4.20 | $4.10 | $86.26K | 20.68K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 176 | $4.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.20 | 4613 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 47441 | 0.036 |
2 | 278200 | 0.035 |
1 | 50623 | 0.034 |
1 | 80000 | 0.033 |
7 | 3837723 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 3325 | 1 |
0.038 | 107538 | 3 |
0.039 | 50000 | 1 |
0.040 | 65000 | 1 |
0.041 | 70000 | 1 |
Last trade - 15.53pm 27/11/2024 (20 minute delay) ? |
DSE (ASX) Chart |