consolidation usually starts with a decline in the sp but that usually vanishes once all the short term traders leave the register.
Hugh probably knows this is a bad time to consolidate in terms of sp, but if it were back at 25-30c then a consolidation would probably be perfect:
a few months of lowered MC followed by a long and steady rise to true value.
take a look at MPO chart for a good example
i can't wait to see the back of the day traders, but now would not be the time for a consolidation
she is a moving, page-5
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $359 | 119.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 21637491 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 8523104 | 13 |
View Market Depth
| Last trade - 11.35am 19/11/2024 (20 minute delay) ? |
| SMM (ASX) Chart |