The other thing to look at is that AQC should have a beta of around 3. Which is as large as you can sensibly have. eg maximum risk catagory of all equities.
The ASX fell from around 5000 to around 4600 = 8%. On that performance a Beta 3 stock should fall around 25%. If we take 8c as a reasonable local high (the absolute peaks of 9c to 9.5c were too short and too low volume to be meaningful) then a 25% fall in AQC brings it to 6c.....
AQC is so volatile anything within +/- 0.5 to 1.0c of 6c that is just noise. So this whole retrace can be explained in terms of an overal macro adjustment.
AQC Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
