Your friends broker was probably a technical analyst. Share price has been wavering between 12 and 14 cents since 28th Dec with a decreasing average positive volume. For me the trigger point to sell was on the 16th Jan when also the obv and adx turned down (which is what your friends broker probably saw). However I didn't follow my own rules and hung on for the fundamentals until today, I sold at 10.5 recognising the strong negative volume as I didn't want a profit (albeit a small one) to turn into a loss as I bought at 9.6. I still have a lot of faith in the fundamentals and plan on buying back in when the negativity has ceased and the technicals say go, perhaps when announcements get closer.
AUZ - chart, page-1242
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $20.97M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $24.86K | 1.630M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 21880828 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 2955316 | 4 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |