Candy, the charts in this scenario, not the fundamental value, demonstrate a potential closure of the market distortion to push price down to an extremely discounted value.
Seems to me there were managed factors behind the scenes. That usually tells me there is greater long term value in the stock.
Because there is fundamental value in the stock as others have been on ther other side of the trade with open bags, they wll most likely mark it up soon to allow price to return to its expected average without distortion. A few have contributed to spooking others to get on the bandwagon as per the VSA commentary. Now you wouldn't be part of that would you?
SPQ chart, page-2803
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 (20min delay)
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $18.01M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $8.501K | 1.035M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1205620 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1562901 | 5 |
View Market Depth
| Last trade - 10.41am 22/05/2024 (20 minute delay) ? |
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Last
0.9¢ |
Change
0.001 ( 6.25 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.9¢ | 0.8¢ | 260000 | ||
| Last updated 10.41am 22/05/2024 ? | |||||
| SPQ (ASX) Chart |