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65.0¢ opthea limited

plus oppies will be impacted from the next round of dilution...

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primaus72

3,200 Posts.

95

27/11/23

07:49

Post #: 71116916
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Originally posted by bfg4444: ↑

Yes, this is known as a Change of Character.
The selling looks to have abated and buyers now accumulating the last of the sellers. As more positive signs are shown, more buyers will enter and becomes self fulfilled prophecy.

it's phase 1 of a recovery.

Change of Character essentially signifies the initial shift in order flow within a financial market. This structural shift occurs when a minor demand or supply zone fails to hold, indicating a potential shift in market trend. It is often a potential signal for a short-term or even long-term reversal of assets, equities, or currencies.

Also, the options are quite expensive for what they are and how far out of money they are. Shows the interest at these prices and options betting more on a 100%+ recovery to Phase 3 readout.

Still a long way to go though in time.

But it will run into the Ph3 read.

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plus oppies will be impacted from the next round of dilution which will be coming by end of next year

OPT Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 65.0¢		Change 0.000(0.00%)		Mkt cap ! $430.8M

Open	High	Low	Value	Volume
65.5¢	68.5¢	64.5¢	$445.0K	671.6K

Buyers (Bids)

No.	Vol.	Price($)
2	15554	64.5¢

Sellers (Offers)

Price($)	Vol.	No.
65.5¢	6544	1

View Market Depth

No.	Vol.	Price($)
2	15554	0.645
3	8919	0.640
2	7544	0.635
3	23044	0.630
2	10500	0.625

Price($)	Vol.	No.
0.655	6544	1
0.660	6544	1
0.665	20077	41
0.670	50000	1
0.685	12056	1

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 64.5¢			Change 0.000 ( 0.62 %)
Open	High		Low	Volume
65.5¢	68.5¢		64.5¢	63057
Last updated 15.52pm 07/05/2024 ?

OPT (ASX) Chart

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