The funds will have to flick the switch the other way very soon.
At these levels for AMX, any short bets start becoming very very risky, especially as they can now see that multiple "larger" resource firms have started buying again.
Once one firm decides to start short covering , the rest will have to follow suit very fast, or risk getting completely crushed.
As others have mentioned here, the "coiled spring" analogy has a lot of merrit imo.
Wouldn't be out of the question to see 80c in a matter of weeks , once the tide turns. ...
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 (20min delay)
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $19.47M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $8.953K | 42.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42552 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 14.24pm 24/06/2025 (20 minute delay) ? |
| AMX (ASX) Chart |