Interesting thanks for sharing Michael.
When the price bounced past $3 a few months ago to $3.10 then $3.50 it was clear the boundary was broken ($3).
This was due though to the buyup from Seven Group which pushed it a little further to $3.80ish before balancing out.
Once it was there though psychologically the $3.8 to $4 barrier was always highly likely to break as we saw the past week.
As we've discussed earlier the company itself is OK value at $4 and not overpriced but we are reaching the upper limits now considering $5 January 2020.
This next step you would assume will be connected to how well the virus news goes the rest of this year.
Melbourne lockdown isn't helping things but I think closer to new year we should see more push up.
There's a ton of virus vaccine news flooding right now it's only a matter of time.
Interesting thanks for sharing Michael.When the price bounced...
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Last
$5.73 |
Change
0.020(0.35%) |
Mkt cap ! $6.320B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.74 | $5.67 | $37.51M | 6.556M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21368 | $5.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.74 | 5862 | 2 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$5.71 |
Change
0.020 ( 0.01 %) |
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| Open | High | Low | Volume | ||
| $5.71 | $5.74 | $5.68 | 90367 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| BLD (ASX) Chart |