You would need a big set of kahooners to have a punt, but this company appears to be either finished or due for a significant trend reversal due to it entering over sold territory?
Some risks I am still taking into consideration are,
We still have month and a bit for people to offload losing positions prior to end to financial year
Although not directly connected to the company I feel the outcome of the USA v. Wedd et al case can't be far away, and depending on the outcome negative press could have an impact on SP again.
https://www.docketalarm.com/cases/New_York_Southern_District_Court/1--15-cr-00616/USA_v._Wedd_et_al/
Why keeping the SP down?, page-11
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Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $35.52M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.5¢ | 4.1¢ | $76.57K | 1.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 230525 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 238000 | 1 |
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| Last trade - 15.44pm 28/06/2024 (20 minute delay) ? |
| DCC (ASX) Chart |