I'm not saying that will happen peaceAKKI, however as we all know its a possibility.
People always get over excited on ann's that state such a resource and, 9/10 the company retraces not long after.
Once/if people run the math on the actual resource they could recover NET to NDO the excitement could wear off.
Further to that, as we all know - traders enter, then on any weakness traders sell, and as such there's going to have to be alot of new buyers to enter and soak up the stock once they start to offload.
Using an old rule of thumb, the stock will always find support on its old resistance.
which way now, page-11
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Last
88.5¢ |
Change
0.035(4.12%) |
Mkt cap ! $201.8M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 88.5¢ | 83.0¢ | $23.49K | 28.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.0¢ | 2579 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NDO (ASX) Chart |