Because it's gone from 20c to $1.80 in the past 10 months.
Stocks do not go straight up on a nice neat diagonal trajectory for ever and ever.
They go through periods of consolidation, and breakout. New investors jump on, old ones jump off. Advance. Consolidation...
Maybe you chould spend a few minutes having a look at any chart on the ASX to see what I mean.
I think it ran ahead of itself a few weeks ago and needed some decent consolidation to remain in a healthy longer term uptrend. That is occurring, which is a very good long term sign.
SDG
Because it's gone from 20c to $1.80 in the past 10 months....
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Last
$2.41 |
Change
0.080(3.43%) |
Mkt cap ! $3.315B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.42 | $2.35 | $7.956M | 3.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 67667 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 68938 | 4 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PRU (ASX) Chart |