SP still continues to track the upward trend. Technicals continue to be strong in this latest move which haven't wavered since September. As I have said previously, to short something that has momentum on its side and has not broken the technical structure is ill advised. From a proper professional standpoint, this should be your starting point and wait for confirmation before taking a position. Technical Analysis supersedes markets breadth and valuation.
This is a classic example of the trend being your friend, or as John Maynard Keynes professed “The stock market can remain irrational longer than you can remain solvent. GLTA
Technical, page-762
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Last
$7.63 |
Change
-0.065(0.85%) |
Mkt cap ! $7.136B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.94 | $7.50 | $14.05M | 1.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2839 | $7.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 7318 | 5 |
View Market Depth
| Last trade - 15.22pm 08/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |