Barely 6 weeks ago, POO was bobbling in the mid 80's, and there seemed an almost tactile sense of optimism around investment connected to it. What happened?
I suppose there were an inordinate amount of longs open, some of which had ridden a 200% rise over the past 3yrs. So a cascade effect as they started to close their positions out? And worries around global growth slowing?
No idea...
I do know there is an ominous session ahead today for Brent, sitting where it is right now on that long term support line, and a few cents either side of the Feb'18 lows. RSI smacked under 20 (30 is oversold), and death cross unavoidable, it seems.
Another 7% off last session.How it behaves today may determine its direction for quite a while.
What's our positive spin we normally use for a falling POO?
Oh that's right, cheap contractors.
Barely 6 weeks ago, POO was bobbling in the mid 80's, and there...
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $51.50K | 21.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 546 | 1005327607 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 400113790 | 82 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.3¢ |
Change
0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 25908402 | ||
| Last updated 15.56pm 30/05/2024 ? | |||||
| 88E (ASX) Chart |