Hi Guys,
Was considering the comments discussed on this thread, and upon review of the 6 Month Candlestick Chart (see attachment below), I would interpret the chart as Bounty atually going through a consolidation period over the last 6 or so trading days. We have seen repeated and solid support at 4.6c.
Again, some positive news regarding Utopia well stimulation (resulting in a direct increase in cash flow) would obviously provide upward pressure on the SP. However, my analysis is that BUY has been de-risked by the events over the recent weeks. Leaving it as an excellent buying opportunity, with the SP showing no signs of dipping below the 4.4c that we saw post-PEP news.
Just my thoughts. What are both your opinions?
selling because of queensland floods/cyclone?, page-6
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Last
0.6¢ |
Change
0.001(9.09%) |
Mkt cap ! $8.991M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.13K | 188.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2833907 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 6667789 | 11 |
View Market Depth
| Last trade - 13.03pm 04/11/2024 (20 minute delay) ? |
| BUY (ASX) Chart |