I can see a revisit of 10c but holding firm as a floor through macro turbulent times over the short term. 10c is not only psychological its a ludicrous valuation of FV for ALC and I believe there are forces at play to keep the floor.
If mid-term doesn't deliver sizable contracts, I can see some weak or inpatient hands pushing through the floor.
If there are no serious contracts brewing in the pipeline, we would like to see @Alcidion management buy at these levels and instil confidence into those that are not quite as optimistic as us LT holders!
I can see a revisit of 10c but holding firm as a floor through...
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Last
6.2¢ |
Change
-0.002(3.13%) |
Mkt cap ! $81.89M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.4¢ | 6.0¢ | $69.33K | 1.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 49910 | 1 |
View Market Depth
| Last trade - 15.45pm 16/05/2024 (20 minute delay) ? |
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Last
6.3¢ |
Change
-0.002 ( 5.00 %) |
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| Open | High | Low | Volume | ||
| 6.0¢ | 6.3¢ | 6.0¢ | 379683 | ||
| Last updated 14.45pm 16/05/2024 ? | |||||
| ALC (ASX) Chart |