going to be a large sell down at some point in the not too distant future, unless a large investor comes aboard or a JV/acquisition etc
the fed will announce a stimulus as early as Friday, which gives us space to rise a little further depending on outcome, however markets looking very frothy, and lots at play at the moment
completely agree that it's plausible to anticipate a "correction of sorts", however a new base has (arguably) formed at around $11.50-$12, so with a good report, it's likely to see this climb higher before falling down around the $10-$11 mark shorter term.
your target of $8.50 may get there but would need some significant catalysts, and none I can anticipate in the immediate future
I enjoy your opinions and outlook, and I agree, in most part, to your views.
my money is staying put as I think there is a bit more in the engines to break another ATH before cooling right off. I think this is more likely to happen first, before seeing a capitulation of 25-30% drop.
Chart - Z1P, page-5925
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Last
$2.38 |
Change
-0.040(1.65%) |
Mkt cap ! $3.107B |
Open | High | Low | Value | Volume |
$2.43 | $2.46 | $2.34 | $28.76M | 12.04M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 32053 | $2.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.38 | 259719 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 32053 | 2.370 |
1 | 4294 | 2.360 |
24 | 512686 | 2.350 |
17 | 398593 | 2.340 |
12 | 231393 | 2.330 |
Price($) | Vol. | No. |
---|---|---|
2.380 | 252502 | 11 |
2.390 | 188847 | 13 |
2.400 | 515355 | 14 |
2.410 | 297254 | 10 |
2.420 | 340985 | 15 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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