Strong breakout on volume today. We did see some profit taking off the highs which I assume is relating to the placement that was done at 14.5c. I expect the stock to consolidate around these levels while the selling gets flushed out before heading significantly higher.
Good fundamentals (and disruptive) in the med and tech sectors which is seeing strong fund flows.
On the 1yr daily chart it looks like it can eventually push back up towards the highs in the low-mid 20c's..but taking a look at the 4 year weekly chart we can see where the market can push the stock (hit +$1) if it really gets behind it. The market/traders are good at remembering stocks so would not be surprised if something like this was to happen again...
1 Year Daily Chart
4 Year Weekly Chart
Technicals - Good breakout on increasing volume - early days
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 (20min delay)
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.13M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.1¢ | $5.45K | 259.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1077628 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 251579 | 1 |
View Market Depth
| Last trade - 13.39pm 30/04/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
0.000 ( 9.09 %) |
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| Open | High | Low | Volume | ||
| 2.1¢ | 2.1¢ | 2.0¢ | 291413 | ||
| Last updated 14.02pm 30/04/2024 ? | |||||
| LBT (ASX) Chart |