Very, very low volume trading has got it here. I see it as being in a classic 'wait and see' mode.
No one wants to commit until news is forthcoming, or a trend is established. IMO the downward trend is not fully convincing because of the lack of volume. Simply impatient investors and the odd sell trigger being fired. I'd be surprised if it was a single large holder selling down their position, as suggested on this thread somewhere.
Much hinges on the next announcement and how they have dealt with the issue of chemically treated hair. If at all positive, you would expect the SP to move substantially up and out of the current range.
Very much a good punt from these levels IMHO!
- Forums
- ASX - By Stock
- FER
- what the
what the , page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FER (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online