look at the hundreds of pathetic sell orders inside 10.5
seems as though a Bot has gotten a little too excited
Obviously if a Bot is trying to make it look like there are over 200 people selling at 10.5, then they have an agenda.
suppress the SP and accumulate anything that comes into the "net" IMO.
My only concern is that we have 10c as a backstop and that's it.
should the market pull back then we could see buyers become less eager to reload 10c. I am always less confident seeing only one line of defence in any depth.
having said that i've been lucky enough to have some good trades at current levels (if you can't beat them...)
and managed to replenish today at 10c
Whilst buying in the auction may contain risk(bots manipulating the match price within micro seconds of any other order being placed\pulled)
ultimately if you get your price then risk is minimal as there is enough volume to re-buy/sell into should the price go against you.
narrowing of trading band means new trend may be emerging.
MY OPINION ONLY !!!!!!!!!!!
70% chance it will be up
30% chance we could test support at 9.1 before a big move north (got your head in the sand if you don't think it's even an option)
either way Long/Medium term should be up
short term the only question is if 10c will hold should\if the markets pull back (so far so good)
the ideal option would be for profit takers in the large\medium caps and resource sector, to move their money into other under performing sectors such as REITS
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