There's nothing new news wise and today's price action or lack there of proves we are in some what of a holding pattern.
Selling has definitely run out of steam. We are at an infection point. News of the the TAB bid has now run its course, initial shock and noise has died down. The market now needs a sign to change momentum to the upside. Buyers will quickly come back in once the uncertainty has been removed and BET comes through with previously mentioned catalysts to shore up the price.
On the contrary. If BET has been all talk and doesn't come through with its promises of multiple deals then we have a much longer road ahead of us. (I highly doubt this is the case).
My guess - 2 announcements in the next 2 weeks. They need to come out with something a little left field/surprising in that shareholders sit back and go "These guys know what their doing. Can't believe anyone doubted them".
Will my optimism pay off? It's hard to see through the uncertainty but the reversal in sentiment seems very close in my opinion.
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Last
9.0¢ |
Change
-0.001(1.10%) |
Mkt cap ! $87.31M |
Open | High | Low | Value | Volume |
9.4¢ | 9.4¢ | 8.9¢ | $19.48K | 214.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 229444 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 507782 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 229444 | 0.090 |
1 | 13449 | 0.089 |
1 | 26094 | 0.088 |
2 | 29488 | 0.087 |
2 | 220000 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 507782 | 3 |
0.095 | 6250 | 1 |
0.097 | 64296 | 1 |
0.099 | 166450 | 2 |
0.100 | 111111 | 2 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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BET (ASX) Chart |