NUF's gone past the $4.30 resistance level today. If it closes above that price, it is a technical breakout since the 14/7 profit downgrade.
Might be due to the recent M&A activity in the chemicals space but personally think it more likely that it is a pump before a cap raising. Suspect the bankers might have required a further capital raising to relax their covenants.
Anyway strapped in and waiting to see how far the broker carries this.
genuine breakout or cap raising on the way
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 (20min delay)
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Last
$3.82 |
Change
-0.080(2.05%) |
Mkt cap ! $1.458B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $3.94 | $3.80 | $2.125M | 551.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5441 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.83 | 22379 | 42 |
View Market Depth
| Last trade - 15.46pm 17/09/2024 (20 minute delay) ? |
| NUF (ASX) Chart |