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0.4¢ ovanti limited

Ann: Sibu Kurnia (SKM) Acquisition Receives Ministerial Consent, page-77

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Ghostyyy

427 Posts.

49

14/01/22

16:31

Post #: 58873108
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Originally posted by Ryzie: ↑

It's my belief that the buying started off the back of a technical trade. As volume increased this presented an opportunity to for that technical trade to play out. Volume has increased over three days with the closing price higher each time. The trend is your friend as the saying goes.

I also believe that the sell down was overshot and buyers were looking for a bottom so that they could safely enter. December results due within two weeks so the increase could play into that time frame or it could sell off as with OPY which appears to be doing better today and has retrained much of it's price increase.

BNPL is still out of favor however a pathway to profitability will be favorable with increasing interest rates. The December results will show whether IOU has a clear pathway to profit. There was a lot of IOU bashing around not growing fast enough however the tempered growth and continued focus on MY has allowed for a much healthier business model to be applied in my opinion.

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lets hope you're right @Ryzie, but 100% agree.

IOU Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $5.447M

Open	High	Low	Value	Volume
0.3¢	0.4¢	0.3¢	$2.924K	872.2K

Buyers (Bids)

No.	Vol.	Price($)
34	24942931	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	14491514	5

View Market Depth

No.	Vol.	Price($)
34	24942931	0.003
29	24348636	0.002
16	46752300	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	14491514	5
0.005	11522053	15
0.006	6854703	13
0.007	2925819	8
0.008	1175000	3

Last trade - 13.09pm 08/10/2024 (20 minute delay)

OVT (ASX) Chart