Pretty much.
Anyone who is in profits now can still take them while they are there. If it can't rise today on a great market day, what is going to make it suddenly start rising.
If the market drops 50 points tomorrow or Monday it's not going to hold up at all.
Just look what happened after every other spike in the price for example in December. Weeks or months before it gets anywhere near it again.
Volume is 1/3 of yesterday meaning people have moved on.
There isn't going to be any exciting news to prop it up for a couple of months.
Tomorrow is bearish, page-218
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Last
$5.48 |
Change
-0.110(1.97%) |
Mkt cap ! $3.967B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.57 | $5.39 | $15.92M | 2.911M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $5.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.49 | 6381 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |