This week over 100 million shares were traded above 18c, 70 million shares traded above 20 cents. Yesterday and today during the pullback only 16 million shares were traded. Low volume pull backs are normal, indicating an opportunity for more upside.
Those who worry about share priceshould have a read:
''Many technical traders will try to enter a position on the short-term weakness seen in a low volume pullback because it increases the risk/reward ratio as stop losses are closer to major support levels. Long term investors may also take these opportunities to add to their positions at a lower price and decrease the cost basis of their overall long positions, which creates an opportunity for more upside.''
Read more: Low Volume Pullback https://www.investopedia.com/terms/l/low_volume_pullback.asp#ixzz58YUhLbfM
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I'd have bought more today @15 if hadn't top up 17.5 cents yesterday. This is just big players doing a great job shaking cheap shares out of weak hands. If you are not comfortable to hold JAT for 6 months you shouldn't have it for 6 minutes. Trust the process.
Good luck to all, do your own research
30c rally, page-33
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Last
49.3¢ |
Change
0.008(1.55%) |
Mkt cap ! $41.00M | |||
| Open | High | Low | Value | Volume |
| 49.3¢ | 49.3¢ | 49.3¢ | $1.231K | 2.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 30062 | 2 |
View Market Depth
| Last trade - 13.03pm 15/11/2024 (20 minute delay) ? |
| JAT (ASX) Chart |