All technical indicators are pointing to a sell at the moment.
As to when the fall will stop, no-one knows for certain.
My guess is that it will drift lower until either:
a) A major revenue related positive announcement is made ('fluffy' announcements regarding personnel changes/strategy updates won't halt the decline)
b) We eventually find some level of support. This will be at a level when the risk/reward balance moves back in favor of reward. I think $100m market cap is factoring in a substantial level of success, but a market cap of $50m swings the balance back in favor of a buy.
As has been suggested by other posters, there appears to be support at 5-6c and again at 3c.
GLTAH. DYOR.
Worrying..., page-287
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.6¢ | $314.3K | 8.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 4409705 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 565262 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |