M
Although I am no chartist i offer the following opinion.
Yes we are seeing a double top.
Yes the market is skitish at best.
Yes AUT has recently run hard.
However the fundamentals are strong enough to support 80c and at worst 75c imo.
Do I run the risk of a retrace by holding... yes, however I do not want to be out of this stock in the near term. There is to much compelling me to stay in.
3 analyst reports valuing AUT around $1 and risked valuations up to $3.85 i think I saw (don't quote me).
A take over of ADI giving AUT a comparative value of $1
Consistent and immenant positive (and potentially very positive) news flows.
Over seas mining investment growing becuase of Dudd.
If the price comes back at all I will be buying as much as I can get my hands on.
From a Chartist perspective (and like I said I'm no pro) just looking at the 6 year graph makes me feel all warm and fuzzy inside.
I think were just now at the start of what this co can become because it's finally getting the attention it deserves.
But thats just me.
MAlthough I am no chartist i offer the following opinion.Yes we...
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Last
79.0¢ |
Change
0.025(3.27%) |
Mkt cap ! $379.7M | |||
| Open | High | Low | Value | Volume |
| 77.5¢ | 80.5¢ | 76.5¢ | $2.409M | 3.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7978 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 28416 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FFM (ASX) Chart |