It's still not cheap at A$2.9b valuation and only A$143m NPAT for FY23. Trading on a multiple of ~20 and forecast of "low single-digit revenue growth in FY24". The company is growing slower than the overall economy. So it's not really deserving of a 20 multiple. Holders can bang on about manipulation, short sellers, bots and everything else, but the reality is the stock isn't attractively valued.
Remember people buy a stock to make money. You're not going to get multiple expansion at 20x earnings. And single digit revenue growth isn't going to provide profit growth. So where is the catalyst for someone buying now to make money?
From TA perspective, $3.90 needs to hold otherwise $3.50 looks like the next support from way back in 2017.
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