Some significant drop without any bad news particularly towards the end of a month is a sign of overreaction.
Unless someone knows something I do not know, my understanding is that those who have been selling (shorting) the stock will have to buy back to take some profit and that will bring some dead cat bounce or relief rally.
Whether the relief rally then continues or it turns around and drops further depends on several factors such as Fed/RBA rates
Based on the most recent announcement I am happy to keep buying while the share price is hitting a new low everyday
all the best to all
Some significant drop without any bad news particularly towards...
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Last
$1.72 |
Change
-0.040(2.27%) |
Mkt cap ! $1.937B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.83 | $1.70 | $26.91M | 15.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 15000 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |