Looking at the 3-year weekly chart, PAR needed some consolidation after quickly running up to around $2. This CR induced retrace serves as a much needed moderation on the overbought price chart.
It might settle a bit lower, say to $1.70 in the next few days, before this CR/rights issue is settled. It doesn't really matter much in the grand scheme of things, if PAR delivers the goods. I'd say it's a godsend opportunity to load up.
All just my personal hallucination swirling in my mind though, so do your own research.
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Last
24.5¢ |
Change
-0.030(10.9%) |
Mkt cap ! $85.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 24.0¢ | $429.9K | 1.713M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 161991 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 29634 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
-0.030 ( 7.51 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.0¢ | 23.5¢ | 433775 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| PAR (ASX) Chart |