And here's a chart for our troubles.
Falls in line with expected skewed growth towards 2H FY. Management is often conservative, so a best-case scenario would be a forecast upgrade on the back of Covid subsiding. Would also be great if we received regular updates on progress being made in China.
ABC correction, hitting bottom of BB bands, falling into major support lines around $15, RSI far oversold and crossing upwards (we need the heavy selling to reduce) - risk/reward really an obvious one here.
Expecting to see a re-test of the 4-year trend line (blue) around $19.60 in the midterm.
I don't foresee this company falling through the floor anytime soon with its strong balance sheet and well-positioned share in the market.
That's all from me.
And here's a chart for our troubles. Falls in line with expected...
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Last
62.5¢ |
Change
0.015(2.46%) |
Mkt cap ! $138.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.5¢ | 61.5¢ | $911.1K | 1.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9900 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 125395 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
61.5¢ |
Change
0.015 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 63.0¢ | 61.5¢ | 439368 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| APX (ASX) Chart |