ZNO 14.8% 3.1¢ zoono group limited

Why is it falling, page-3

  1. 184 Posts.
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    I wrote a number of posts on the potential answer. I think that next week the asx200 will be mostly red as the US disappointing data sinks in - GDP, unemployment and of course a series of corporate earnings coming soon. Bear in mind that the 4.8% contraction in the US (latest quarter) saw only 2 weeks of lock-down, hence the next quarter GDP will be brutal. On the positive note, Resmed reported stellar results today which means that FPH stock is on the rebound (about time!).. meaning that the need for respirators etc is still high. - side conversation of course.
    I dont see how ZNO can hold at this level if asx200 is retracting next week. Still have a minor position in this stock so I'd like to see it hold but my chart compels me to be realistic. Perhaps accumulate when at $0.9 - $1 and wait for the final report. Meantime, SHs have spoken.
 
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Last
3.1¢
Change
0.004(14.8%)
Mkt cap ! $10.94M
Open High Low Value Volume
3.0¢ 3.1¢ 3.0¢ $2.404K 77.82K

Buyers (Bids)

No. Vol. Price($)
2 89004 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 7917 1
View Market Depth
Last trade - 15.59pm 06/08/2024 (20 minute delay) ?
ZNO (ASX) Chart
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