Here is a hope from the wilderness
Monday saw share sales of 852 704 thousand shares
Tuesday saw share sales of 785 629 thousand shares
A total of 1 638 333 shares basically dumped because I feel they either panicked and sold or did not understand the offer. ( Many did not and still do not understand how good this deal is) IMO.
I believe that when investors really consider the deal, they will find the gem they were looking for, this may take a few weeks to distil in the market.
Today finds us near support pull back levels +- $0.675c outlined in my chart below, I am hoping that this support level will hold today, if it does, we may be in with a chance of holding and moving forward from here.
I noted as did Burt the 200 000 buy that appeared on the buy side, Its now gone. they are waiting off screen guys and gals.
People/ investors are watching for the reversal to step in and buy.
Here is a hope from the wildernessMonday saw share sales of 852...
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 (20min delay)
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Last
59.0¢ |
Change
-0.045(7.09%) |
Mkt cap ! $117.7M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 66.5¢ | 59.0¢ | $216.2K | 343.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 58.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 4763 | 1 |
View Market Depth
| Last trade - 15.58pm 21/05/2024 (20 minute delay) ? |
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Last
60.0¢ |
Change
-0.045 ( 6.98 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 66.5¢ | 60.0¢ | 70134 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| ARL (ASX) Chart |