Fundamentals are driving this stock. It’s why most own it. While I agree, ‘the trend is your friend’, the news cycle currently is dominant, which is good as it creates real and natural buyers and sellers. News flow driven movement and pending announcements spook day traders and manipulators. It’s harder to fight real rallies, you’ll just get run over.
point is, if you like the story and think the positive news is ongoing, buy the dips as folks take profit. The asymmetry is currently to the upside. Profit taking will always occur, but it will be exhausted each time. This stock has every chance to be trading at $1 in 12months.
Bot Chart, page-7830
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Last
38.0¢ |
Change
-0.015(3.80%) |
Mkt cap ! $687.8M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 37.5¢ | $3.489M | 9.104M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 893523 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 159482 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |