Hi Matt
In my opinion, the company has very strong fundamentals and is a great medium to long term investment (3-12 months).
From a technical analysis point of view, I note that the recent falls occurred on low volume. This suggests to me that some people (certainly not larger institutions) have pulled some money out to probably put into gold and lithium (HWK, TMR, DEG, DCN, FFX) to make some short term gains.
The relative strength index for Megaport also shows a divergence recently, which means good buying pressure.
I'm holding for now. It may drop further but this is a strong stock and sometimes it's best to wait until it returns to the $16+ range.
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Last
$11.22 |
Change
-0.330(2.86%) |
Mkt cap ! $1.789B | |||
| Open | High | Low | Value | Volume |
| $11.74 | $11.81 | $11.20 | $16.96M | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8113 | $11.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 28 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |