PU
What you seem to fail to understand as botfodder has stated is that without any obvious accumulation, which is generally reflected by volume coming in on downbars or a long period of sideways accumulation, where is all the buying that is going to take this stock to $2.50 coming from? Mums and dad investors? Sorry but their pockets just aren't deep enough. What you need are signs of strength sitting in the background ie good volume and signs of buying by the SM to reverse the trend. I'm not seeing it yet.
Will let you know when I do though.
Oh and ontop of that the downtrend hasn't even broken yet, No 1 rule of buying any stock is to buy in the direction of the trend, so we need to see the trend change first eh?
Cheers!
PU What you seem to fail to understand as botfodder has stated...
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Last
$6.86 |
Change
0.055(0.81%) |
Mkt cap ! $6.421B | |||
| Open | High | Low | Value | Volume |
| $6.84 | $6.88 | $6.81 | $2.490M | 363.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 14843 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 13318 | 13 |
View Market Depth
| Last trade - 11.54am 27/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |