Yes - however I think the capitulation may have happened there as well now. If you have been following it regularly you notice that after applying say a .76 exchange rate , the Aussie SYA price had been trending lower or leading down significantly for a number of weeks now. Yesterday it finally came to par at .03 divided by .76 = 3.9 cents on significantly higher volumeS ( 538,035 ). In fact approx 3 times the ave daily volume for the last 30 days with the range supported by the close of .03 US.
So I guess the question remains have we now seen the low . My guess is yes as my order has now been filled at .04 cents which will form a very nice base for the trade - me hopes....
DFS expectations & chart predictions, page-192
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $277.9M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 3.0¢ | 2.6¢ | $1.252M | 44.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 4178258 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 854617 | 3 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| SYA (ASX) Chart |