Haha yes, well we had around $130usd oil at one stage last year and all we could get to was approx. $1.90. You are correct, plenty of profit takers arrive when it gets close to $2, so on this next attempt which looks imminent, we are going to need more support from insto's and for management to have a few positive newsflow items lined up. That way, the buyers may be able to absorb that additional selling pressure and trading games $1.80 to $2 and continue the uptrend to break $2 finally!
Plenty of economists have $150usd oil arriving with this M.E. escalation so we may see things improve for the share price perspective soon IMO.
Ann: FY24 First Quarter Activities Report, page-18
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |