A news driven stock is so different to a momentum driven stock. News driven stocks are more binary and will decrease in value the longer no news is forthcoming. That’s because everybody is second guessing themselves. The reality with PAR is it is in accumulation phase waiting for the next bit of news which Mozzarc has nicely pieced together. Once that is out if positive we go to the next level. If not.. it will retrace depending on how bad the news is. I think looking at CUV’s price journey is a very interesting study in price action of successful news driven Bio’s. July 18 - around $10, July 19 - around $38 binary not technical.
A news driven stock is so different to a momentum driven stock....
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Last
31.0¢ |
Change
0.035(12.7%) |
Mkt cap ! $99.69M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 31.0¢ | 27.5¢ | $108.9K | 371.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 17420 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PAR (ASX) Chart |