I am thinking its oversold too.
Break for lunch is one explanation (and valid), but also think people are waiting to see if it pulls back so they can buy cheaper.
People can be confident that a significant announcement will be released before open so little danger of being surprised this afternoon.
But,if they intend buying they will want to get it done this afternoon in case an announcement is dropped tomorrow morning.
That's the theory anyway.
If I am right, we might see an afternoon recovery.
IMO
Chart Thread, page-819
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Last
58.0¢ |
Change
0.015(2.65%) |
Mkt cap ! $63.96M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 58.0¢ | 56.0¢ | $38.51K | 68.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2293 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 13111 | 1 |
View Market Depth
| Last trade - 15.48pm 12/07/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |