Maybe, was just an observation
As positive as I am about IAM being a strong long term hold my personal opinion is that until there are some solid revenue figures to back up the promise then it will continue to be played by cashed up retail traders, including a few regulars on here. There are still a ton of shares around the .044 - .046 range that are providing strong resistance. After creeping up on low volume for two weeks yesterday saw the highest volume in 10 days but it still wasn't enough to break through and stay above that resistance.
It will happen, I'm sure of that, but not until we string together some 40-60M + volume days. A stellar MOU announcement might do it or a strong Quarterly in January. I don't really mind, I would rather see the SP move up slowly on the back of real support rather than spike into new highs and then drop rapidly when it becomes obvious the spike was caused by one or two traders trying to make it move.
Would love to be proved wrong!
- Forums
- ASX - By Stock
- Re: New IAM Investors
Maybe, was just an observation :-) As positive as I am about IAM...
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CF1 (ASX) to my watchlist
|
|||||
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.98M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $3.15K | 150K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 290347 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 343809 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 290347 | 0.020 |
1 | 100000 | 0.019 |
2 | 1034231 | 0.018 |
2 | 1050000 | 0.017 |
1 | 1000000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 343809 | 2 |
0.023 | 270354 | 2 |
0.024 | 265827 | 2 |
0.030 | 803353 | 3 |
0.040 | 100000 | 1 |
Last trade - 13.43pm 11/09/2024 (20 minute delay) ? |
Featured News
CF1 (ASX) Chart |