I have been watching for a while before I finally pulled the trigger at around 0.135 and then 0.140.
As to the reasons why... let's just say it's a gut thing, but I based my entry decisions on the following...
Main reason:
- CEO bought $100K @.135 - if she thinks it's cheap at these levels then it must be.
Supplementary reasons (not in order):
- Normalising for March-20 when the market took the full brunt of COVID-19 shock - these levels are amongst the lowest over a 52 weeks period.
- It's been trading side ways for the a while now - compressed Bollinger bands > poised for a breakout(?) with my limited TA knowledge.
- Shift to digital accelerated by COVID.
- Strong balance sheet - good cash runway.
- then your usual analysis on management, industry etc.
- Sentiment - when people are getting restless and questioning about progress when fundamentals haven't changed.
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I have been watching for a while before I finally pulled the...
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $71.17M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.2¢ | $38.39K | 721.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 121521 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 11296 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 121521 | 0.053 |
2 | 89450 | 0.052 |
8 | 914194 | 0.051 |
8 | 961500 | 0.050 |
2 | 224000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 11296 | 1 |
0.055 | 220200 | 3 |
0.056 | 1080009 | 2 |
0.057 | 61410 | 2 |
0.058 | 151740 | 2 |
Last trade - 15.55pm 01/11/2024 (20 minute delay) ? |
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ALC (ASX) Chart |