Decided to pull the trigger on a preliminary parcel of shares this morning, monitoring for a second buying opportunity in the event of further weakness. Feels like negative sentiment is overblown, the intrinsic value should prevail and see the price stabilise. Am looking LT with this one.
FWIW..... Broker Data from 22/05/24, which was the start of the downtrend, till 03/09/24. Citigroup clearly not impressed... UBS with significant churn.
ALSO
RSI showing that it is likely oversold at this point, and price action hugging the lower bollie with volume starting to ease up. Both indicators signalling a possible trend reversal.....
Decided to pull the trigger on a preliminary parcel of shares...
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Last
$8.10 |
Change
0.410(5.33%) |
Mkt cap ! $1.296B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $8.12 | $7.63 | $10.66M | 1.338M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 996 | $8.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.12 | 8112 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |