I like this stock, but I must say technically its looking very average. It's going to take a lot of work to get this up again. This consolidation seems to be a mirror image of what happened in feb 2011, but I am concerned on this occasion that the mirror image is reversed, meaning this could go down instead of up. Last year we had the upside momentum with us, but this year not so promising.
Trouble with these sort of stocks is that anything could change tomorrow such as an announcement that blows technicals out the door, catches everyone out and boom!
Also remember that nasdaq has a minmum trading level value for stock in terms of $, which I think is $5 or thereabouts, otherwise it can be delisted.
It is certainly a testing time for the stock short term.
shorting, page-29
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Last
34.5¢ |
Change
0.005(1.47%) |
Mkt cap ! $501.1M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 32.5¢ | $659.6K | 1.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 399004 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 4457 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |