It's not my decision, i can't just decide fair value, the market has made that decision. Fair value is probably the wrong term though, current value maybe better.
That's why I don't invest using fundamentals, why did this trade down to a fifth of its high, was the high fair value at the time, or was it a fomo blow off top?
In any case, the 61.8 fib level is an important resistance level, doesn't matter if it's at 7.4c or $1.74.
May Chart, page-4320
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Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $87.62M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.8¢ | 2.6¢ | $205.6K | 7.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 631807 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 2134333 | 9 |
View Market Depth
| Last trade - 14.54pm 16/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |