I think that is a fair assessment.
There are good reasons to take profits at $2.39
Firstly if you are a stag it is a 20% gain in a month.
Secondly there has been no good news about a dividend upgrade, which would change the market's views.
I do not blame anyone for taking a 20% profit.
price target $3, page-15
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Last
$3.80 |
Change
0.000(0.00%) |
Mkt cap ! $10.46B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.82 | $3.76 | $19.94M | 5.245M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 35753 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.82 | 94076 | 3 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| MPL (ASX) Chart |