Here comes the $7s.. A2M is likely to hit $6 in the next few weeks/month, but I don't see it going lower. A fair bit of bad news has been priced in and the $6 area gives you a nice safety barrier.
The new CEO should've been honest and not incldued the diagou channel in the estimates, anyone could've predicted this channel wouldn't be up and running for at least 4-8 months. He started on a bad note and the sharemarket usually overreacts.
Chart Update, page-17999
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Last
$6.85 |
Change
-0.030(0.44%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.98 | $6.83 | $10.27M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18844 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 41602 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |