i reckon what happened yesterday was caused by T2 day traders selling to cover the loan money which leads to a the cascading effect of conditional stop loss been triggered, combined with the impatient investors selling to move capital to other more liquid stocks and others to protect their capital, and that lead to the 4% reduction yesterday.
at this price it's a bargain, buy now and sell when the price passes 10.5c. buying below 10c for vrc is a great deal, with strong fundamental, the reword is so much greater than the risk.
once price pass 10c, we all know it's a 0.5c increment which is almost 5% increase, whereas below 10c, it's only 1% loss for each 1pip.
it's definitely a great time to buy.
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i reckon what happened yesterday was caused by T2 day traders...
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $18.71M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $21.48K | 5.130M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 21032079 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2989071 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 21032079 | 0.004 |
19 | 21144725 | 0.003 |
13 | 20241525 | 0.002 |
10 | 25167000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2989071 | 6 |
0.006 | 19687078 | 29 |
0.007 | 6727551 | 7 |
0.008 | 5295275 | 10 |
0.009 | 5271149 | 7 |
Last trade - 15.43pm 10/07/2024 (20 minute delay) ? |
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VRC (ASX) Chart |
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