Here's my 2c which isn't worth much.
Stock is in an overall state of distribution, not accumulation. Share price won't go up until the selling dries up.
Its been in this state since the cap raising closed. You could be cynical and suggest the share price was maniplulated throughout the cap raising and the recent sell off on market from Hudson.
You wouldn't enter a trade until confirmation of genuine buying.
Unfortunately it could be sitting at current levels or lower for a while, but I hope I'm wrong.
Here's my 2c which isn't worth much.Stock is in an overall state...
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 (20min delay)
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Last
39.5¢ |
Change
0.045(12.9%) |
Mkt cap ! $98.11M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 40.0¢ | 36.3¢ | $77.37K | 203.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 49812 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 58257 | 2 |
View Market Depth
| Last trade - 15.05pm 05/07/2024 (20 minute delay) ? |
| AXE (ASX) Chart |