Just a little research of my own.
Remember the previous capital raising at $5.45 on 19 Dec? The SP dropped and stay low for a few weeks. It doesn't take an expert to buy the share at good price around $5.60 at that time.
So the same story goes around this second capital raising.
Last closing price is $7.38. My target, if based on previous capital raising experience (ignoring market cap, shares on issues...etc), is this will drop VERY SUBSTANTIALLY.
My own comfort buying zone is within $5.90 and $6.20, based on previous capital raising experience that the SP will eventually touch the 2nd capital raising price, which is around $5.75.
For those holders, your best chance to sell is at the opening. So surprise that the company raised the capital at such a cheap price.
Feel sorry for a few large buyers above the $7 mark, I bought and sold on the same day during the last few sessions, only for very minor profit. I almost followed the herd seeing the $7.30 resistance breached, but resisted for some reasons.
So good luck to all holders. History tend to repeat itself. With the gap down, TA signals a temporary down trend/sideway trade.
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Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.28M |
Open | High | Low | Value | Volume |
44.5¢ | 44.5¢ | 44.5¢ | $11.70K | 26.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 224525 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 257803 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 224525 | 0.445 |
7 | 1042333 | 0.440 |
1 | 22800 | 0.435 |
3 | 8500 | 0.350 |
1 | 2500 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 257803 | 9 |
0.460 | 100000 | 1 |
0.490 | 21811 | 2 |
0.500 | 2000 | 1 |
0.000 | 0 | 0 |
Last trade - 15.29pm 22/07/2024 (20 minute delay) ? |
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