From the relentless selling pressure I've got a feeling there are several institutions slowly liquidating their position following the market update and with the gloomy outlook for the sector.
I had thought given the stocks excellent fundamentals that it would bounce from a low between 90 and 95 cents but I have now concluded there is still an share overhang and the stock will slowly descend to the 70 cent range.
I will sit this one out for now.
From the relentless selling pressure I've got a feeling there...
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Last
$3.34 |
Change
-0.030(0.89%) |
Mkt cap ! $1.520B | |||
| Open | High | Low | Value | Volume |
| $3.37 | $3.38 | $3.33 | $269.2K | 80.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 39758 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.34 | 9006 | 19 |
View Market Depth
| Last trade - 10.50am 26/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |