Yep I agree, too much positive news and sentiment about for the SP to retreat form here IMO.
All depends on peoples trading style. Some may want to lock in profits now and if a retrace occurs buy back in at a lower price, or if it doesn't and continues up buy back in at a higher price.
I think that big dump this morning was profit taking IMO. Nicely absorbed might I add.
todays chart, page-354
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 (20min delay)
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Last
$6.02 |
Change
-0.030(0.50%) |
Mkt cap ! $5.627B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $43.41M | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6279 | $6.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 31762 | 5 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |