Sorry, not clear with my original post. The traded share volumes and RSI. See chart in my second post today.
IMO, what has happened is that there were a number of market participants that did not expect those margin drops. They will take as negative and sell down. That seems to be coming to an end as volumes are dropping off. I have yet to read ANY commentary from any analysts that the business model is broken. There are many that are happy the company is shoring up its position in the main markets to ensure there is less and less dependence on diagou which is in a down trend.
So even the bears will see value here, let alone the bulls. The FA supports the technicals holding here, IMO.
Chart Update, page-6795
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Last
$4.92 |
Change
-0.360(6.82%) |
Mkt cap ! $3.612B | |||
| Open | High | Low | Value | Volume |
| $5.30 | $5.30 | $4.89 | $27.96M | 5.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 714 | $4.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.93 | 10183 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |