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31/07/19
12:43
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Originally posted by strateg1c8:
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I don't know exactly, and be wary of anyone who says they do. But I think it could be due to the recent gains and then it's having a healthy retrace. It's currently sitting at a ~10% retrace at the moment which is where stocks usually bounce from, so I'll be watching it closely towards close and early tomorrow morning. Shorters may know this and it could be causing it to be pushed down a little lower too. There is also uncertainty with SKM shutting down and whether BIN has been facing any similar internal challenges. Time will tell.
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ABC released a revised guidance and the whole building and materials sector is spooked. BIN deriving a significant income to building trash is getting some of the collateral damage.
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31/07/19