I agree that it may head lower, I don't see it as a sell at 5.00. The yield on this stock makes it a world class play, and as long as interest rates stay relatively low, then this will always be bought on dips.
Today saw almost 10 x normal daily turnover, and while that means there were a lot of sellers we must remember that there were also a LOT of buyers soaking up the short-term sell-off.
The yield on this gets better and better as it dips, so buying pressure will increase on any attempted sell-off.
I bought from 4.93 down vwap today. I had a last buy limit order in for size at 4.83, which I sadly missed as was out most of day. Maybe I get it filled tomorrow.
Today will not be pretty, page-47
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Last
$3.95 |
Change
0.030(0.77%) |
Mkt cap ! $45.63B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $3.96 | $3.92 | $111.0M | 28.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 141776 | $3.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 1446719 | 40 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| TLS (ASX) Chart |