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.
BLD - Chart & Price talk, page-125
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Last
$5.85 |
Change
0.120(2.09%) |
Mkt cap ! $6.375B | |||
| Open | High | Low | Value | Volume |
| $5.79 | $5.85 | $5.79 | $6.961M | 1.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14232 | $5.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.85 | 3762 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$5.80 |
Change
0.120 ( 0.34 %) |
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| Open | High | Low | Volume | ||
| $5.82 | $5.82 | $5.79 | 35555 | ||
| Last updated 15.58pm 17/05/2024 ? | |||||
| BLD (ASX) Chart |