Yesterday's aggressive dumping has destroyed the very short term technicals. Traders running on margin (IMHO lots of them) are now forced to come up with the cash or sell into a very week market. The last two selloffs lasted 7-9 days.
The daily stochastics gave a strong sell signal yesterday. Other very short term technicals have also turned bearish. The long term uptrend remains intact with On Balance Volume of about plus 1.4 billion shares over the last two months vs. minus 200 million in the last three days of the selloff. Traders still run or crash this stock.
Looking for a fresh entry point down the road apiece.
Good luck to all longs.
- Forums
- ASX - By Stock
- BPP
- selloff underway hit 5.6
selloff underway hit 5.6
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BPP (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.99M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 7591013 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 24785575 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 7591013 | 0.005 |
15 | 5240449 | 0.004 |
3 | 5765009 | 0.003 |
4 | 13945024 | 0.002 |
3 | 2300999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 24785575 | 5 |
0.007 | 2602990 | 4 |
0.008 | 6349634 | 4 |
0.009 | 62500 | 1 |
0.010 | 10000 | 1 |
Last trade - 16.12pm 16/10/2024 (20 minute delay) ? |
Featured News
BPP (ASX) Chart |
Day chart unavailable
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online