Fundamentally this is still overvalued given headwinds from declining patent market share and higher AUD.
Technically once IPH falls below $6-6.10, has very weak support till $5.25.
I will monitor for $5.50 breach.
IPH Australian Patent Trending Down, page-3
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Last
$5.97 |
Change
-0.080(1.32%) |
Mkt cap ! $1.589B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.08 | $5.95 | $2.696M | 450.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22779 | $5.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.99 | 2735 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| IPH (ASX) Chart |