The point I am making is that there is always a news article claiming that there is a supply issue or a demand issue. In this case, something has got to give, either there is too much supply, or not enough demand. Thats what's driving the price. The Chinese demand looks iffy at the moment. Will India take it? Maybe?
I wasn't a buyer at $9 - Too frothy, everyone in euphoria. Too many "To the moon!" "Boom!" "$10 incoming!"
Now look, below $7.
Don't forget this goes ex dividend next week too, so wipe another ~20c off the share price and you're at $6.50.
Would I be a buyer around $6.50? Yeah, probably, but I'd be taking profits if and when it hits ~$8.
All in my opinion of course.
Target $18.72, page-10246
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Last
$6.77 |
Change
-0.210(3.01%) |
Mkt cap ! $5.663B | |||
| Open | High | Low | Value | Volume |
| $6.96 | $6.99 | $6.75 | $72.29M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 60229 | $6.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.81 | 22692 | 4 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |