On the macro my belief is the next 3-4 month could bring the dreaded fear to reality that elevated inflation has become sticky, it's not really a big narrative at the moment but this would mean bond yields have another one / two / three legs higher to go.
And these legs tend to be when there are tech crashes for the month - May, June, September.
So even with anything specific to M7T themselves at 55c with legs to go I am looking for 45c again and then if a recession hits in 2023 perversely I think M7T will do better in that environment as rates get lowered.
On the macro my belief is the next 3-4 month could bring the...
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Last
71.5¢ |
Change
-0.025(3.38%) |
Mkt cap ! $172.4M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 74.0¢ | 70.5¢ | $95.07K | 132.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13956 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 80350 | 2 |
View Market Depth
| Last trade - 15.59pm 26/04/2024 (20 minute delay) ? |
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Last
71.5¢ |
Change
-0.025 ( 3.38 %) |
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| Open | High | Low | Volume | ||
| 73.0¢ | 73.0¢ | 71.0¢ | 17936 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| M7T (ASX) Chart |