Pullbacks like this make me more comfortable with meteoric rises. A sustained consolidation period (or even a retraction) can create a new MA for us to bounce upwards from.
These events shake out the day traders and weak hands. The gains we've had over the past few months are more than I'd expect in the rest of my share portfolio for a year. I'm happy with the gains so far, and will gladly sit back and let this consolidate and find a new home level to launch from.
Meanwhile, expect to hear more scary stories in the media about BNPL bubbles and the like, triggered by the influx of new players and the disproportionate (company growth/earnings growth to SP rise ratios) of those other players as well.
Coming up next.. DonkeyPay/SandwichPay/IPayThis/PayAnotherDay/PayPayGoAway - A new way to pay! Now capital raising to issue eleventy billion shares at a discount price of $9. Buy now!
Pullbacks like this make me more comfortable with meteoric...
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Last
$1.27 |
Change
-0.040(3.05%) |
Mkt cap ! $1.430B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.26 | $6.973M | 5.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 87782 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 50296 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
-0.040 ( 2.51 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.32 | $1.26 | 1921880 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| ZIP (ASX) Chart |