Absolutely. It could hold most of its gains and form a new trading channel. I must admit I'm tempted.
But, one of my investment rules is that I don't jump in mid run. I'll wait to see what the new trading range looks like, and if it still looks good value then I'll jump in.
It'll come down to how substantial the announcement is.
market depth, page-13
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $313.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.8¢ | $374.8K | 2.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 114498 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1334406 | 26 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |