I think you're right, F&B. A couple of days ago I had the same thought about the action 2 years ago you mention in your post. I dug up the following chart (to show the Aug 2010 move) for a friend:
Today's chart:
C12
I thought 4.4 was support and that a break thru would drop the SP to 3.8/3.6. I'm betting the selling's done now. Still some fundamental questions that need answering IMO, but at these prices, risk is reduced... everyone's looking at the SP but they should be looking at the MC.
Cheers,
I think you're right, F&B. A couple of days ago I had the same...
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Last
13.8¢ |
Change
0.003(1.85%) |
Mkt cap ! $39.40M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $2.074K | 15.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.46pm 25/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |