That's an interesting view, and it arouses a sense of curiosity regarding how things are playing out right now. As far as any T/A is concerned, every decent indicator is showing EML in heavily oversold territory. The question is, why is its head being pushed underwater? I think your take on it could reveal something happening behind the scenes we are not privvy to. The tree has been shaken so much it has resulted in all the retail investors offloading.
Tyro has recovered very well based on only the offer of a takeover, as well as, improving earnings projections as you noted.
I think it's clearly being done deliberately. With the NASDAQ up late this week, EML could hardly sustain a rise of even 1c. I'm guessing it falls again Monday with another sell-off on US markets.
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Last
63.0¢ |
Change
0.005(0.80%) |
Mkt cap ! $237.6M |
Open | High | Low | Value | Volume |
62.5¢ | 64.3¢ | 62.0¢ | $350.3K | 555.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1310 | 63.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
64.0¢ | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1310 | 0.630 |
4 | 58210 | 0.625 |
9 | 40746 | 0.620 |
1 | 32 | 0.615 |
9 | 63861 | 0.610 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 2500 | 1 |
0.645 | 100000 | 1 |
0.650 | 21062 | 3 |
0.655 | 2270 | 1 |
0.660 | 225 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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EML (ASX) Chart |