I just took advantage of the $2.05 price to get my holding to a nice round number (and also, average down).
Once the big seller is out of the game (which should happen 3 to 4 months from now), we should get a strong momentum for the SP to mechanically appreciate. I also expect a reversal of sentiment as a result, with new buyers coming from the sidelines and FOMO reappearing. 2-4 months also coincides with expected upcoming news, mainly around the phase 2 trial which could be a catalyst for a rally.
It's a possibility that $2.00 won't hold, but I have a strong conviction that we will be in a much much better place by the end of this year.
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Last
$1.85 |
Change
-0.090(4.64%) |
Mkt cap ! $315.1M |
Open | High | Low | Value | Volume |
$1.93 | $1.97 | $1.85 | $314.6K | 164.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44 | $1.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.89 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 44 | 1.850 |
2 | 8804 | 1.840 |
3 | 6774 | 1.830 |
1 | 100 | 1.820 |
6 | 12943 | 1.800 |
Price($) | Vol. | No. |
---|---|---|
1.890 | 500 | 1 |
1.910 | 2941 | 1 |
1.940 | 148 | 1 |
1.950 | 1000 | 1 |
1.975 | 2000 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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RAC (ASX) Chart |