Painful tape. Part of the game. Seems like a simple technical breakdown maybe 'omgerd they overpaid for an asset' is a bit myopic where its overdone. I'm long at $2.20 and expect it to bounce back probably from some point under here such as $1.85 or $1.70. The upside-down U after the guidance drop from $2.70, had too shallow a form, and so its right leg was more likely to ultimately break and here we are.
Ann: ORA - FY24 Trading Update, page-34
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Last
$2.04 |
Change
-0.005(0.25%) |
Mkt cap ! $2.734B | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.04 | $2.01 | $2.594M | 1.280M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 153222 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 93468 | 59 |
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| Last trade - 13.51pm 30/07/2024 (20 minute delay) ? |
| ORA (ASX) Chart |