it seems like both CEU and TCL are suffering because of the Oil price.
so far nothing has shown up in the traffic number for TCL with the higher oil prices but both CEU and TCL are copping it. it just doesnt make sense, traffic volume has to be hit pretty hard before it effects the profitability but shorters are still pounding these two.
at some point these shorters will stop but even a big price fall in oil over the past two weeks hasnt stopped them, if anything it has got worse. its so counter intuative.
why falling, page-15
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Last
$12.94 |
Change
0.165(1.29%) |
Mkt cap ! $39.73B | |||
| Open | High | Low | Value | Volume |
| $12.82 | $12.95 | $12.77 | $9.884M | 768.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 9235 | $12.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.94 | 6309 | 17 |
View Market Depth
| Last trade - 12.01pm 31/07/2024 (20 minute delay) ? |
| TCL (ASX) Chart |