yes. the market was waiting for guidance on sales recovery. Per AMS management they won't be needing to do an equity raise for operational purposes. They feel confident in the market's recovery. obviously, they caveat but saying we don't know if the world will go into lockdown again.
the recovery in the share price is the market acknowledging recent results and presentations, product innovation and strong pipeline, and sales recovery.
71c was always going to be the first barrier. it teased us today. happy for this to form a bullish wedge or flag. next step is $0.8-$1.
healthy price action and accumulation.
this resembles a stage 2 breakout. outperforming the market coming out of a solid base and clearing support and resistance levels.
a strong buy from me. I'm glad I accumulated in low 40s.
Ann: AMS FY20 Financial Results, page-51
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
-0.004(10.5%) |
Mkt cap ! $41.31M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.3¢ | $48.94K | 1.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 189760 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 102319 | 1 |
View Market Depth
| Last trade - 15.41pm 04/10/2024 (20 minute delay) ? |
| AMS (ASX) Chart |