If you guys look at the chart over the last couple of days you'll see the reason for the selloff. We had a high volume up day on a large spread on 08/04 that didn't close on its high meaning that sellers were coming in,the next day was still on highish volume it broke down and failed to make the high, following this was a narrow spread lower volume day finishing on its low. Verrrry weak, the smart money had basically stood aside and let the mums and dad investors try to take it up and they failed, this was followed by a higher volume day yesterday again failing to finish high.
Hardly surprising its being sold off today. Its got nothing to do news its just being traded on sentiment that's all.
cheers!
If you guys look at the chart over the last couple of days...
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Last
90.0¢ |
Change
0.020(2.27%) |
Mkt cap ! $205.2M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 90.0¢ | 88.0¢ | $41.10K | 46.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11341 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 12071 | 1 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |