I don't see any issue here. Fair enough the SP dropped a little (it isn't going to go up forever). In saying this, it recovered. It dropped to 7.2c and recovered and is now at 7.6c. Usually if something is 'off' or 'leaks' or 'panic' sets in - it doesn't rebound (at least in my experience) and it doesn't drop less then 1cent.
You also need to take into account that a lot of this will be from peoples triggers going off - it is a Domino effect giving people to buy in and accumulate - hence the price re-stabilising and bouncing back.
I could be wrong, but I would anticipate either a close mid to high 7's today but most likely another run up in the late afternoon.
Ele.
buyers / sellers, page-63
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Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $44.35M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 48.0¢ | $75.16K | 156.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 68600 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 50000 | 1 |
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| Last trade - 11.48am 30/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |