Looking at the 3-year weekly chart, PAR needed some consolidation after quickly running up to around $2. This CR induced retrace serves as a much needed moderation on the overbought price chart.
It might settle a bit lower, say to $1.70 in the next few days, before this CR/rights issue is settled. It doesn't really matter much in the grand scheme of things, if PAR delivers the goods. I'd say it's a godsend opportunity to load up.
All just my personal hallucination swirling in my mind though, so do your own research.
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 (20min delay)
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $82.20M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.0¢ | $85.35K | 365.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 280011 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 44703 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| PAR (ASX) Chart |