In my opinion only and im not an expert on this matter..
Usually you got to worry about big drops if it associated with large volumes. The volumes traded today is below average and usual sideway pattern.
One important thing is that one can reasonably assumes that things are going as expected from vulcan front if you can reason with the recent buying by the Director J Bush..
So assuming its a very positive sign all we got to do is wait till lithium price correction which is on the card and current low prices and sentiment is creating s perfect storm.
I personally dont want lithium to recover till the second half of the year as vulcan SP will be properly appreciated if the lithium bull market happens later this year as by then vul should be sitting on a very strong position if they manage upcoming milestones as we expect as per the timeline.
In my opinion only and im not an expert on this matter.. Usually...
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Last
$3.92 |
Change
-0.060(1.51%) |
Mkt cap ! $674.5M | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.19 | $3.91 | $5.083M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3372 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$3.96 |
Change
-0.060 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| $4.09 | $4.19 | $3.92 | 110607 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| VUL (ASX) Chart |