APX 0.98% 51.5¢ appen limited

Is it too low that CS issued $29 to APX sp target?

  1. HSP
    5,051 Posts.
    lightbulb Created with Sketch. 82
    Is it too low that CS issued $29 to APX sp target?
    By the result release, the sp was shooting up. Investors expected much better result.
    On the reporting date, sp dropped $4.85, next date dropped $4. It closed at $34.65. $34.65-$29=$5.65.
    It seems to me that sp would come under $29. Usually a market is overbought or oversold.

    I am with the selling side and hold short position. Personally I expect sp come down under $29 within few weeks.
 
watchlist Created with Sketch. Add APX (ASX) to my watchlist
(20min delay)
Last
51.5¢
Change
0.005(0.98%)
Mkt cap ! $115.6M
Open High Low Value Volume
51.5¢ 52.5¢ 51.5¢ $294.5K 566.6K

Buyers (Bids)

No. Vol. Price($)
14 198735 51.5¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 92054 10
View Market Depth
Last trade - 12.47pm 07/06/2024 (20 minute delay) ?
Last
51.5¢
  Change
0.005 ( 0.10 %)
Open High Low Volume
51.0¢ 52.5¢ 51.0¢ 199180
Last updated 13.02pm 07/06/2024 ?
APX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.