Well, I would say it at most a correction. It drops from 94c to 57c sth. An oversold is there but it was definitely bad news. So not much room without news. From the past two days, it is a very typical pump and dump behaviour. Nothing with technical, if things are all with technical, it will be much easier and no surprise. But actually this stock is at the moment manipulated one and it is very clear from the past two days. As such, there is a bit risk there.
BTW, at the close, only a few hundred of buyers at 0.81, and ~30000 of sellers at 0.845. I do not think that is a good sign either.
The worst scenario is like the last time an 40-50% loss at the announcement. So best thing to do is wait and see. IMO.
Well, I would say it at most a correction. It drops from 94c to...
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Last
$5.16 |
Change
-0.090(1.71%) |
Mkt cap ! $1.224B | |||
| Open | High | Low | Value | Volume |
| $5.23 | $5.23 | $5.03 | $1.976M | 385.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 455 | $5.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.17 | 1306 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SLX (ASX) Chart |