Shares work similar to control systems they overshoot and then come back and settle at a fair value for that current point in time. What you call a downtrend a lot of people just call dropping back to a holding price after the initial rush has finished.
It'll likely hold around these levels now (maybe lower maybe higher, who knows) until a decision is made. Then depending on if the decision is for or against share price will drop or shoot to new highs.
Don't speak for anyone but yourself. If I sat down tonight and looked to buy in I would think now is a better time than on the 28/9/20. Before BPH started its "downtrend" as you have called it.
Shares work similar to control systems they overshoot and then...
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $19.50M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $131.8K | 7.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 665882 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 305491 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BPH (ASX) Chart |