I think there will be significant resistance at $4.10, as that is what IPO subscribers got it for. Probably many are regretting their take-up. Maybe resistance at $4.00 on the basis that they may see the 10 cent div as a partial clawback of losses, and a nice round number of course. I don't think reading the mind of the market needs to be overly complicated in this instance.
Maybe we'll find out if it retests $4 in the near future. Good luck to all. I'd personally have been out at $3.99 if I was long.
chartist required, page-9
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Last
77.0¢ |
Change
0.005(0.65%) |
Mkt cap ! $640.5M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 78.5¢ | 76.5¢ | $648.5K | 837.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 57759 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 23000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |