I don’t believe there’s been a lack of interest. Since the beginning of the year, the market has absorbed ~$23.6 million worth of EMV at a VWAP of $2.15, with an average closing price of $2.11.
Looking at EMV on a macro scale, the overhang from the run-up to $4.20, followed by the subsequent draw-down to $1.14, has naturally required more time to clear those who were burned at the top.
Additionally, many who bought at the draw-down trough in July last year are now sitting on nearly 100% profit, with the 50% CGT discount applied. This contributes to resistance in the 2.25-2.30 range as profit-taking adds pressure to this level.
Please note, this data does not include Chi-X. If anyone knows a source for historical daily ASX data that includes Chi-X, I’d greatly appreciate if you could share it with me.
EMvision Research Notes, page-2704
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Last
$2.03 |
Change
-0.020(0.98%) |
Mkt cap ! $173.5M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.08 | $2.00 | $53.28K | 25.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1173 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 227 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| EMV (ASX) Chart |