It does indeed, and some sort of consolidation is taking place. However, we have not seen the worse in the US yet, as far as Covid-19 is concerned and I wouldn't be surprised if the ASX will revisit the 4402 low on the 23rd March, taking EOS back to 3$. In fact that would form a double bottom, which would actually be a good thing. The market is driven up by financial supports from governments and pushed down by the spreading of the disease and mounting casualties. The market cares about the virus, but the virus doesn't care about the market.
In "normal" time I would call an entry point between 3 and 3.50
Having said that EOS will do well eventually, no doubts.
GLTYA
It does indeed, and some sort of consolidation is taking place....
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Last
$1.71 |
Change
0.035(2.10%) |
Mkt cap ! $328.9M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.72 | $1.68 | $626.3K | 368.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 23791 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 25/04/2024 (20 minute delay) ? |
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Last
$1.70 |
Change
0.035 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| $1.69 | $1.72 | $1.68 | 109956 | ||
| Last updated 15.59pm 25/04/2024 ? | |||||
| EOS (ASX) Chart |