You may have to wait until results announcement to get your signal.
2HY24 Outlook Statement in the Macquarie presentation was underwhelming. Market sentiment appears to be pricing in a poor result, with stock constantly hitting 52 week lows. It is nearing 3 year lows:
.
Sellers are in control and short interest is increasing:
Who knows where this will bottom. The stock has fallen enough to register in the oversold region in many indicators. One positive is that recent momentum is unsustainable so there could be a near-term rally. I recently got back in on the oversold basis and the recent insider buying activity. Hopefully the insiders have a better insight than the shorters and results beat market expectations. Currently it would take 19 days to cover all short positions. If share price rallies there could be a squeeze.
Ann: Change of Director's Interest Notice (Dodd), page-6
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Last
$3.76 |
Change
0.090(2.45%) |
Mkt cap ! $1.014B | |||
| Open | High | Low | Value | Volume |
| $3.74 | $3.90 | $3.69 | $12.20M | 3.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1324 | $3.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.77 | 248 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| KLS (ASX) Chart |