The Psychology of trading. If you are a shorter would you be getting nervous around these levels. What’s the most you can squeeze another 10c. But the risk is that it can turn and aggressively move up and you could be out of pocket 50c quite quickly. Surely they will want to cover positions soon.
And if you are a nervous investor you would be getting out at the bottom of the cycle. Or close to it anyway. If we consider it could be 98 or 90c.
Ann: Finniss Project Exploration Results, page-36
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 374502 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3715512 | 56 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |