That alhambra's post got 10 thumbs up is really illustrative.
How one can draw the conclusion that 'the market is now feeling more comfortable on the stock' after a single trading session is beyond me.
This stock is in a downtrend and the next couple of days won't prove anything. With out a catalyst it would require a month's worth of strong trading before you could comfortably say it has turned technically. For a catalyst driven move, will have to wait another 10 days of trading.
It can and will do anything in that time. Plan accordingly.
In circumstances like these, loyalty and intelligence are rarely used in the same sentence.
weight of opinion, page-4
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Last
$1.81 |
Change
0.060(3.43%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.81 | $1.76 | $8.120M | 4.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5782 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 204687 | 10 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |