I agree with you and I'm not selling, however someone looking to get in might see that the last time this stock was at 40-42c was just before it rocketed to 60c before taking a breather. Sounds like a great price point to buy IMHO.
Alternatively there is the H&S pattern to take note of that has a neckline at 50c: the measured move indicates that it could get to circa 33c however with fundamentals the way they are, I'd rather be getting in now, taking the risk that you could be facing a 33% paper loss if the support at 40c doesn't hold, rather than missing out on the next leg up.
I firmly believe that the two worlds (Fundamental & Technical) go hand in hand.
I agree with you and I'm not selling, however someone looking to...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.45M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $1.335K | 10.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55192 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 66416 | 1 |
View Market Depth
| Last trade - 12.56pm 31/07/2024 (20 minute delay) ? |
| VMT (ASX) Chart |