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.
NUF's gone past the $4.30 resistance level today. If it closes...
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Last
$3.92 |
Change
0.030(0.77%) |
Mkt cap ! $1.498B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.95 | $3.86 | $2.930M | 747.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21199 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 1132 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| NUF (ASX) Chart |