This is the head in the sand mentality of many holders. Just because someone isn't a holder doesn't mean they don't have something relevant/constructive to say.
This graph in the Synlait presentation is concerning. If there is a bounce in the share price anytime soon, which it is due for with RSI in the low 20s, I would take it as another dead cat bounce, as there is surely going to be another downgrade to guidance in the coming months.
Media Updates, page-8163
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Last
$6.64 |
Change
-0.030(0.45%) |
Mkt cap ! $4.800B | |||
| Open | High | Low | Value | Volume |
| $6.64 | $6.70 | $6.54 | $16.40M | 2.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3110 | $6.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.65 | 10453 | 3 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |