marco - you'll drive yourself mental thinking you are being punished or rewarded for certain actions on the market. Who could know it would have a small rally and then drop back further? Anyway, I'd hardly call 4 ticks up a "run" or 2 ticks down a "collapse in support".
It may drop further but there certainly seems to be strong support at this level. Volume is dropping off - a good sign that selling is slowing down. Buy depth is building too. I can't see it dropping back to the cash levels of 2.6c (or whatever) that other people are mentioning - surely the company's other assets are worth something.
Remember yesterday was a Friday afternoon - and coming into a weekend of uncertainty. It held up pretty well I think.
It's just about impossible to pick the very bottom. Just chill and wait and see what happens.
I bought in at 4.4c average and won't consider selling until it is back to 6.5c. I'm not going to stress about the intra-day action.
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
52.0¢ | 52.0¢ | 52.0¢ | $1.562K | 3.004K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17440 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 22471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17440 | 0.515 |
2 | 35000 | 0.510 |
2 | 45521 | 0.505 |
2 | 33878 | 0.500 |
1 | 30000 | 0.495 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 22471 | 1 |
0.550 | 82295 | 3 |
0.600 | 25953 | 2 |
0.610 | 2000 | 1 |
0.000 | 0 | 0 |
Last trade - 15.41pm 09/07/2024 (20 minute delay) ? |
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FAR (ASX) Chart |