What's really happening is that available shares are drying up. Ultimately, price is simply a function of supply and demand. The reason the flag pattern has some predictive accuracy is because it's really just mapping a supply squeeze. During the bear market (the flag), the only people buying/holding are those with the strongest conviction. Eventually, all the shares get transferred from weak hands to strong hands and it creates a supply shock - sometimes a violent one.
Now, we're going to find out the price of the long-term holders. We've got some huge catalysts to push demand straight into tight supply over the next five months.
Personally, I won't be selling for years, but I don't care if any of the rest of you take some profit. This stock will find its way to the fundamentals regardless of whether anyone here buys or sells. Talga just has to execute their game plan.
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $186.5M |
Open | High | Low | Value | Volume |
43.0¢ | 46.0¢ | 43.0¢ | $314.2K | 710.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10999 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 11793 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10999 | 0.435 |
3 | 87314 | 0.430 |
3 | 100000 | 0.420 |
3 | 72430 | 0.410 |
1 | 3684 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 11793 | 1 |
0.460 | 10000 | 1 |
0.465 | 16905 | 1 |
0.470 | 74326 | 3 |
0.475 | 100117 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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