In my experience, the more a share price weakens the harder it is to suggest where it may bottom.
In the following chart example, how would you be feeling at the end of the day on 21/12/2015 when the share price closed below support after falling almost 50% from it's highs just 2 months earlier.
It looks like the stock should be going into free-fall from here. In fact that was the low price and the stock then went on to quadruple in value from here in the next few months.
The stock was .... PLS. Anything is possible.
PLS chart, page-1899
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |