Quite a significant jump by end of closing auction, up 8% on day (and piercing the upper bound of downwards trending channel), and importantly being the last day of the week likely to pop onto some technical chartists watchlists.
The fact that it traded more than 1.6 million shares earlier should highlight this reversal trend.
My feeling is that with business conditions improving for many companies VEE may also start to benefit, and thus reverse from recent negative sentiment.
Remember VEE has a very significant (and growing) position within the marine sector in many things related to propulsion, with a strong product offering that has been increased with extra build capacity arranged in the latest quarter. This should ultimately result in significantly increased revenue in following periods.
Quite a significant jump by end of closing auction, up 8% on day...
Add VEE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.84 |
Change
0.060(3.37%) |
Mkt cap ! $249.8M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.84 | $1.80 | $41.04K | 22.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4194 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 17923 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| VEE (ASX) Chart |