hey Patrick, yeah sure thing. The price has reached the upper limit of a near term acceptable market cap .(I suspect this stock will attract buyers between 600M-800M cap trading range). what this means is those who were buyers are also sellers. this is the nature of trading. One can place a large order at lower range picking suitable resistance levels, and sell off risk for profit (higher prices). if you want to see this in it's all its perfect glory use a logarithmic adjusted price range and place the trend line (see attached picture) notice where the next resistance level is, sitting around $6.80.
if this company doesn't make any fundamental annoucements or changes then I'm expecting a fair bit of trading around these levels... we will see.
however, this stock is fundamentally bullish since late 2013..
-
- There are more pages in this discussion • 2,247 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.83 |
Change
0.120(4.43%) |
Mkt cap ! $547.9M | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.88 | $2.57 | $5.692M | 2.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3883 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.83 | 530 | 1 |
View Market Depth
| Last trade - 13.37pm 30/06/2025 (20 minute delay) ? |
| EOS (ASX) Chart |