Whilst I am no fan of fear-mongerers claiming our share price will be back to the teens, there is some reality in what is being suggested. If this strong support level at 26/26.5c doesn't hold, then I agree we are in for a sharp drop in price.
However, the price is holding up relatively well. My only concern is there is absolutely no "big" buyers entering the fray. This could be problematic for the near term health of the share price.
And, there is little chance we will see any big buying until after the MSCI index rebalance has officially taken place - which is next week. Perhaps an early knock-off for the weekend is recommended (to avoid witnessing any further share price disappointment).
Whilst I am no fan of fear-mongerers claiming our share price...
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Last
$2.91 |
Change
-0.090(3.00%) |
Mkt cap ! $8.763B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.06 | $2.90 | $43.68M | 14.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12200 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 3400 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |