That's probably because they bought back in at the support level they indicated, along with the $4. That was only one of the targets - trading (if that's your game) is not about binary outcomes, its about probability based on dynamic new information entering the market and acting on those resistance and support levels v the associated risk. People get seduced by the binary.
There's was a post on or around the 26th April suggesting an excellent buying opportunity with a tight stop under the 200D MA. Some did.
I sold out (again) based on the very bearish outside reversal candle last week. Its back at the 200D MA, but I won't be chasing it up this time until the market digests the Directors actions.
Charts, page-623
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Last
$3.36 |
Change
-0.030(0.88%) |
Mkt cap ! $1.376B | |||
| Open | High | Low | Value | Volume |
| $3.43 | $3.44 | $3.29 | $6.077M | 1.807M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31000 | $3.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.37 | 9305 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BOE (ASX) Chart |