I don’t think it’s actually overbought at all, my previous post on fundamentals makes for a ‘fair’ SP of 19.5 cents albeit with lots of assumptions.
More what i’m highlighting is the technical take, I bet the action recently will have drawn short term traders in, they won’t know or care a damn about the fundamentals of the company and will try to trade purely off the charts and technically we are overbought in the short term.
Indeed a finish on its high on a Friday in a soft sector will have been a beacon. I’ve kept and eye on the daytrade threads and AJM has nerry a mention. Given it’s bursting out of a downtrend on abnormal volume (highly abnormal if you count Chi-X) it should be all over their threads... my take is that the usual traders are still getting set and will suddenly start throwing charts up and mentions once they have a big enough position to then sell into the Johnny come lately’s...
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I don’t think it’s actually overbought at all, my previous post...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
121 | 181496973 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 20055545 | 43 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
121 | 181496973 | 0.002 |
28 | 97163809 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 19985545 | 40 |
0.004 | 11334360 | 30 |
0.005 | 4334936 | 10 |
0.006 | 5048396 | 8 |
0.007 | 11785490 | 8 |
Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
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