I'd think that most technical indicators would signal being over bought so a pull back is to be expected. That said we've seen huge run ups in the past i.e. Jan 2020 $1.8 to $3, and Sept 2020 $2.37 to $4 etc. That said with the growth of this company it's arguably still cheap, MACQ believe SP should be closer to $3, shorter will be hurting and will need to close their positions.
ASX'S Next major growth stock, page-6
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Last
$2.32 |
Change
-0.040(1.69%) |
Mkt cap ! $1.601B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.38 | $2.30 | $3.192M | 1.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33410 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 1480 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |