Thats if the 50% fib line holds otherwise the target would be $1.50 - the chart below shows what happened last time - Remember when it hit $2.36 the first time everyone said its off to the moon and you would never be able to buy under $2.00 again and it $1.50.
$1.2b market cap is a lot of money for the company at this stage - it needs to demonstrate rapid profit growth acceleration and has to surprise the market to the upside with profit guidance - Clearly the recent fall shows the market was expecting more.
$1.50 party, page-5
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Last
$5.86 |
Change
0.090(1.56%) |
Mkt cap ! $4.236B | |||
| Open | High | Low | Value | Volume |
| $5.80 | $5.90 | $5.80 | $6.580M | 1.123M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $5.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 12383 | 4 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |