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..
EOS Charts, page-7
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 (20min delay)
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Last
$1.61 |
Change
0.035(2.22%) |
Mkt cap ! $302.9M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.61 | $1.57 | $348.5K | 219.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7066 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 1952 | 5 |
View Market Depth
| Last trade - 12.46pm 05/07/2024 (20 minute delay) ? |
| EOS (ASX) Chart |