Very positive day.....heavy selling pressure early was easily absorbed and SP closed at daily highs with 2.5m share volume overall. So overall about 17m shares dumped in 3 days with selling pressure significantly falling today.
Looks very good from here.....further selling pressure might be encountered above $11.25 which was the inst placement price but I'd expect trading volumes to continue to decline and the price to move back toward $11.50-$12 within a week.
Wildcard remains speculated China takeover bid...IMO this remains a very serious short term possibility.
abc country hour piece today, page-8
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Last
$4.62 |
Change
0.015(0.33%) |
Mkt cap ! $1.754B | |||
| Open | High | Low | Value | Volume |
| $4.59 | $4.62 | $4.55 | $945.4K | 206.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3649 | $4.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.62 | 10327 | 15 |
View Market Depth
| Last trade - 11.04am 18/07/2024 (20 minute delay) ? |
| NUF (ASX) Chart |