If knowing share price will goes to $2.4 range as shows in the chart, people can sell it to realize the loss and then buy it back to avoid taxing profit.
So in this reason, short term sell and this sell will probably last till end of next week. Would be in the target range I guess.
IMHO
TLS chart, page-21
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 (20min delay)
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Last
$3.69 |
Change
0.020(0.54%) |
Mkt cap ! $42.63B | |||
| Open | High | Low | Value | Volume |
| $3.69 | $3.72 | $3.68 | $100.4M | 27.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 633770 | $3.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 537270 | 8 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$3.71 |
Change
0.020 ( 0.85 %) |
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| Open | High | Low | Volume | ||
| $3.69 | $3.72 | $3.68 | 7765347 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| TLS (ASX) Chart |