ASK appears to be in extremely troubled waters hereWe see a DEATH STAR type candle here.
Friday last week saw a major exiting of the stock. Almost $96M was dumped!
I took the entire weekend researching this and have been quite appalled....
Reason being I have seen 100 IPO's since 2017, and I don't recall ANY that had ZERO shares under escrow.
The entire 1B+ shares, the majority is owned by institutions and banks.
Seeing as though cheap shares were issued at around the 47c level according to the Prospectus, with an IPO pricing of $1.43 it's done nothing but continually sell down.
I think someone has just lost the status of Substantial Holder and seized to be on the board. In due time I believe we will see an announcement highlighting this.
Below are my thoughts attached on the chart being daily and hourly. GLTAHz. I suspect a new 52wk low coming, a test of $1...May continue to slide down to 47c as per IPO Papers. DYOR as I have and formulate a plan accordingly.
SENTIMENT = SELLLLLLL
POSITION = HELD
ASK appears to be in extremely troubled waters here We see a...
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Last
$1.58 |
Change
-0.020(1.25%) |
Mkt cap ! $2.076B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.62 | $1.57 | $648.1K | 410.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 1275 | 2 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| ASK (ASX) Chart |