I sincerely wish that it wasn't the case myself as well. The bearish sentiment is in the motion though, 6 sellers to 11 buyers and some tiny 35k (~$10k) of shares for sale can easily crash the SP back under the .300 level (-25%).
EMH needs news badly, I'm waiting for the revisit into .230-.255 level to average down as I am not convinced (nor is the Market) about the DFS developments nor the strategic status updates. Come 30th of June we should see those ATL levels and below if there are no news.
If it takes 35k shares to drop the SP by 25%...with the End of Financial Year approaching, we'll see some large tax loss volumes come through and equally large drops to the SP.
I'm likely wrong but have plans in place in case I am correct.
Weekend research - Near term news, page-30
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Last
26.0¢ |
Change
-0.020(7.14%) |
Mkt cap ! $53.93M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.0¢ | $7.082K | 26.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10843 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 16055 | 2 |
View Market Depth
| Last trade - 15.28pm 22/07/2024 (20 minute delay) ? |
| EMH (ASX) Chart |