I think the market may need a little time to interpret and absorb this recent huge move up which happened relatively quickly especially from 4.50 dollars i.m.o.
A period of consolidation will allow investors and or traders to position themselves and catch their breathe for the next move up.
I say up because of the large drop experienced today.
Many investors would have been waiting in the wings for this to settle unwilling to pull the trigger fearing another sharp pullback at any time during the rapid rise.
Good luck to all. Always difficult to assess stocks trading for short period.
I.m.o the quality of management, sector ,direction and focus is definitely there with ASM.
ASM Chart Thread, page-119
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Last
80.5¢ |
Change
-0.015(1.83%) |
Mkt cap ! $145.8M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.0¢ | 79.0¢ | $384.5K | 476.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11039 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 36943 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ASM (ASX) Chart |