Seems to be someone constantly selling at 42c. Everytime it's just about ready to fall a sell for differing amounts over 100K just appear. Noticed that three substantial share holders ceased to be substantial share hlders in April, May and June. Noting that they would have held just under 5% each at the time that would equate to 30M shares still requiring disposal. I note that 30M shares have traded sice the last notice on 20th May and there was one large crossing of 2.5M shares today. Surely the selling at 42c has to dry up not too far down the track. I'm short term bullish the ASX and Dow so if the markets begin to rally maybe we'll break 42c and get a sizeable jump. On the other hand the seller could have quite a few shares to sell, get impatient and push the price down further.
On the plus side the stochastic and RSI are still bullsh!
FXL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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