I don't think it finishes in the green today. I've sold to take profits and will pick some up again at a later stage.
Since the NASDAQ listing, the buyer to seller ratios of 5EA have changed substantially... roughly 3 x more sellers than buyers, and it is showing in downward momentum.
The catalyst to turn it around will be positive announcements / marketing initiatives, and a turnaround in NASDAQ performance (which will be dependent on the former). I think everyday since the NASDAQ listing, FEAM has been red, bar one or two days.
Probably only a couple of months away before an improvement is seen, but patience will be required in my view.
5EA MEGATHREAD, page-21
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $51.26M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $20.32K | 127.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32750 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 10430 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| 5EA (ASX) Chart |