Yes with the quick succession of sell to buy, I suspect the accumulator is still very much at work by testing for stops once again at 2.5-year low. I suspect it would keep going at it for the next few trading days ahead of EOFY book close.
Time will tell once a substantial notice is lodged given the heavy volume in the last few days.
On a different note, SPZ is now trading at around 7x EV/EBITDA and around $0.23 30-day VWAP and if you look at Bailieu Hoist's research note back in February (before the shock UK update) their analyst was talking about SPZ being a potential takeover target.
Open your eyes, page-47
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Last
54.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $190.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7061 | 55.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 20288 | 2 |
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| Last trade - 14.39pm 08/08/2024 (20 minute delay) ? |
| SPZ (ASX) Chart |
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