Hey guys
Today's sp move is not unexpected. On 10/07, the sp dropped from $7.72 to intraday low of $7.06, and next day from $7.88 to intraday low of $7.12. This is a good 9% intraday drop.
Today's drop from $7.91 to $7.32 is within the expected behaviour - welcome to Z1P trading pattern!!
As one of the poster said, it is one of the most volatile stocks with day/swing traders swarming in. APT held up really well and movement is mostly positive. Even on bad days it recover quite well late in the session or next day, unlike Z1P.
Another poster did mention about result day - and having observed the last few quarterly and results updates it is a mixed bag, but overall the sp didn't hold up well. Likely gap up slightly to set up bull trap by shorters and end up lower in the day, IMO.
$8 Party, page-1406
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Last
$1.61 |
Change
0.000(0.00%) |
Mkt cap ! $1.808B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20628 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 2629 | 1 |
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| Last trade - 16.16pm 17/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |
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