There's pretty impressive strength emerging now. The resistance point has moved from just below $4 to the recent test level of $4.20.
The market knows EML should actually be in the $5 to $6 range right now, and as soon as official confirmation arrives confirming an end to the CBI matter, it will move back there very fast.
AND to add to that is the European market opening up post COVID not mention new deals and initiatives pending. Good volume maintained today too.
It's still heavily undervalued.
EML Chart, page-635
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Last
71.0¢ |
Change
0.050(7.58%) |
Mkt cap ! $268.6M | |||
| Open | High | Low | Value | Volume |
| 65.5¢ | 72.0¢ | 65.5¢ | $1.088M | 1.537M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14070 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 5352 | 1 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| EML (ASX) Chart |