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.
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Last
4.7¢ |
Change
0.006(14.6%) |
Mkt cap ! $208.7M |
Open | High | Low | Value | Volume |
4.3¢ | 4.9¢ | 4.0¢ | $1.290M | 29.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 71031 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 220000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 71031 | 0.047 |
4 | 573483 | 0.046 |
3 | 1500000 | 0.045 |
6 | 755000 | 0.044 |
2 | 550000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 220000 | 3 |
0.049 | 656886 | 7 |
0.050 | 949710 | 7 |
0.051 | 50000 | 1 |
0.052 | 595217 | 2 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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FBR (ASX) Chart |