Haha yes, well we had around $130usd oil at one stage last year and all we could get to was approx. $1.90. You are correct, plenty of profit takers arrive when it gets close to $2, so on this next attempt which looks imminent, we are going to need more support from insto's and for management to have a few positive newsflow items lined up. That way, the buyers may be able to absorb that additional selling pressure and trading games $1.80 to $2 and continue the uptrend to break $2 finally!
Plenty of economists have $150usd oil arriving with this M.E. escalation so we may see things improve for the share price perspective soon IMO.
Ann: FY24 First Quarter Activities Report, page-18
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Mkt cap ! $3.661B | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.61 | $1.58 | $10.74M | 6.728M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 23231 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.59 | 97202 | 8 |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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| $1.59 | $1.61 | $1.59 | 2345574 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
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