The big boys crushing a share price are often totally wrong long term when they are taking a chart based short term view. For example, MIN was crushed for ages by relentless selling from a previous high and people were similarly dispairing based on charts even though the company was going from strength to strength in FA terms... ultimately, FA reality reasserts itself over the charts regardless....
So if you think the recent Zip report and plans overseas are going to work out, then you've got no reason to worry about current losses. I think bears have confused expansion costs with a losing business. They don't understand Capex for growth and they see a head and shoulders and sell like automatons .... they will totally miss the next pop because it's going to come with a trading halt and UK launch (with Amazon UK?).
TA & charts, page-1033
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Last
$1.50 |
Change
0.085(6.03%) |
Mkt cap ! $1.684B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.50 | $1.40 | $22.39M | 15.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16337 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 255886 | 9 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |