The volume was driven by small traders taking
positions on the advice of a tip-sheet and they
were met by a solid wall of sellers at every advance.
The rise, imo, is technical and if you look at the depth
you will observe a number of traders queing to buy at
around 33/33.5c. They are the technical traders who
know that the chances are that following the recent
rise the price will likely retreat 3/8ths of the 11 or so
cent rise.
It's a purely tech traders play right now imo and i may
trade if correct levels are reached but you're dreaming
if you think that some major institution is trying to get
a foothold.
- Forums
- ASX - By Stock
- RHG
- strong start today
strong start today, page-8
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)