From the relentless selling pressure I've got a feeling there are several institutions slowly liquidating their position following the market update and with the gloomy outlook for the sector.
I had thought given the stocks excellent fundamentals that it would bounce from a low between 90 and 95 cents but I have now concluded there is still an share overhang and the stock will slowly descend to the 70 cent range.
I will sit this one out for now.
huge sellers on market - why?, page-6
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Last
$3.37 |
Change
0.020(0.60%) |
Mkt cap ! $1.533B | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.39 | $3.30 | $5.853M | 1.746M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 385 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.38 | 21954 | 6 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |