When I talk about a stock being in a terminal downtrend its a reference to the countertrend rallies having little strength and each time being met with renewed selling and the ultimate resolution is termination of the stock listing unless it can break out of the declining channel.
As you can see it has traded in very narrow price channel for some time and needs to break out of that channel before it can be classed as a technical buy and averaging down within this channel is simply throwing good money after bad.
Although it has been declining from $14.50 the initial decline was not terminal with some very worthwhile rallies.
When I talk about a stock being in a terminal downtrend its a...
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Last
$1.24 |
Change
0.080(6.93%) |
Mkt cap ! $1.351B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.25 | $1.19 | $13.33M | 10.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 103814 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 105500 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
0.080 ( 6.19 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.25 | $1.18 | 1742522 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| ZIP (ASX) Chart |