There is something really strange with the price action with AVA. I think a trading based institution must have sold out of it and were perhaps one of the bigger holders. Accordingly, the price weakened. TA revealed a strong bearish sentiment when above 70c failed and there was such a massive surge of sell off.
The fundamentals seem good. But the TA seems not so ideal but that depends on whether it really breaks below 50c on confirmation or not on Monday.
All I can think is that the market is not willing to ignore that IMOD is not a recurring contract and wants the Aura IQ contract.
Ann: $1.8m million Multi-Site Rail Contract Award, page-41
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.46M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $13.38K | 132.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 63091 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 131232 | 6 |
View Market Depth
| Last trade - 14.19pm 04/09/2024 (20 minute delay) ? |
| AVA (ASX) Chart |