I agree with your sentiment... the chart suggests the share price shouldn't have trouble hitting the $10 mark in the near future.
But Technical Analysis isn't the only reason why I suspect the share price has more life in it yet.
Back in February, the company were forecasting a crop of 13,400 tonnes and and almond price of $10.20 a kilo.
Their forecast for the almond price proved to be too conservative- it is now clear that they will get around $11.00/kilo.
So the question has to be asked: was the February crop forecast also too conservative?.
I think the answer is 'yes', and I'll explain why I think this may be the case shortly.
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Last
$4.45 |
Change
0.100(2.30%) |
Mkt cap ! $538.7M |
Open | High | Low | Value | Volume |
$4.35 | $4.51 | $4.32 | $1.814M | 409.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 173 | $4.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.45 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 173 | 4.420 |
1 | 173 | 4.410 |
2 | 173 | 4.400 |
1 | 173 | 4.390 |
1 | 173 | 4.380 |
Price($) | Vol. | No. |
---|---|---|
4.450 | 5000 | 1 |
4.470 | 173 | 1 |
4.480 | 1999 | 2 |
4.490 | 173 | 1 |
4.500 | 11252 | 4 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$4.42 |
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Change
0.100 ( 1.74 %) |
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Open | High | Low | Volume | ||
$4.38 | $4.51 | $4.31 | 45009 | ||
Last updated 15.59pm 29/03/2024 ? |
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