Dingo, I would normally concur with your chart reading, but in this case I think the buying is connected to factors outside normal circumstances ... this is an incredibly undervalued company which, if it were to be broken up would be worth at least $2 a share ...
....so I think with the property sales they're undergoing and the May 2 bank extension (which punters are betting on) I think the expectation is for it to climb to $3 ...
chart 4 those interested, page-4
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Last
$1.62 |
Change
-0.035(2.11%) |
Mkt cap ! $439.3M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.61 | $299.4K | 184.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3155 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 2637 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| AFG (ASX) Chart |