Looking at the broad market it appears that the market isn't strong enough to push through 6000. There was late afternoon selling pressure so I think we will see the market come back to the 5700 level soon, hopefully not in a dramatic way.
What does this mean for EMR. Well it hasn't move as well with the surge in the market in the last few days so any large drop in the XAO will mean a large drop for EMR
My gut feeling is that the DOW will end significantly lower tonight and the XAO will drop maybe 80-100 points tomorrow. This will push the price of EMR sub 20c.
This may well present another good buying opprotunity.
Looking at the broad market it appears that the market isn't...
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Last
$3.73 |
Change
-0.080(2.10%) |
Mkt cap ! $2.450B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.80 | $3.70 | $996.5K | 266.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 8844 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 707 | 6 |
View Market Depth
| Last trade - 12.01pm 07/10/2024 (20 minute delay) ? |
| EMR (ASX) Chart |