In my view part of yesterdays share price fall could be explained by the 10% decline in the share price of its rival (QIP undertaking capital raising). However the trading volumes were not that high suggesting some of the investors were booking profits from their recent buys. Once the initial selling is done, the share price should hopefully start moving up. The fact the short sellers have begun to cover their short positions is very positive sign. Should provide some support
DYOR
In my view part of yesterdays share price fall could be...
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Last
$6.21 |
Change
-0.040(0.64%) |
Mkt cap ! $1.538B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.30 | $6.21 | $2.122M | 340.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7721 | $6.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.23 | 1609 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IPH (ASX) Chart |