Interesting theory.
Never heard of it, but may be a bit overly complicated in CYP's case.
Since we hit our high of $1.66 and pulled back, only 327,410 shares in total have been traded on ASX...or less than 0.3% of total.
Given Fuji could have already pulled the trigger, ie: gone anytime, I'm am not so sure of the ST speculators and D traders pulling out on a risk basis of SP going under $1/ probability of Fuji exercising as they could have been caught already....anytime
Main reason for pullback on insignificant volume...
Indicators were all overbought from RSI/ Moneyflow after that 70% recovery run from under $1....and we were at all time highs after breaking 158.
Always going to be some profit taking for myriad of reason...but again, volume insignificant.
I also do not think GvHD option will send us to $5-10
imo, the most likely range will be between $2 and $3. but depends on what time frame you are talking regarding "settle" (week/month/months?)
and given the recovery from $1 to all time highs already, I think likelyhood of Fuji converting is already half baked into that run
I also don't think Cynata has the liquidity / volume to do much useful analysis just yet.
The best analysis is probably keeping a close eye on the T10-T50. and there really isn't much action to speak about there.
Good to read some different analysis though Timber.
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $36.13M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 19.0¢ | $19.42K | 101.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8208 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 9829 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8208 | 0.195 |
2 | 74388 | 0.190 |
1 | 15000 | 0.185 |
5 | 20913 | 0.180 |
2 | 5997 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 9829 | 1 |
0.205 | 43657 | 1 |
0.210 | 60000 | 1 |
0.220 | 1875 | 1 |
0.240 | 10000 | 1 |
Last trade - 15.42pm 03/09/2024 (20 minute delay) ? |
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CYP (ASX) Chart |