it's perfectly fine for those paper hands to flip. We all would like to see a huge spike that can hold up, but we must also know that more turnovers are required to flush out the lower cost holders who will increasingly become bigger burden to suppress SP, unless more buying volume can offset them. If not the SP will simply follow laws of gravity and fall to a lower level where new equilibrium is found, like the case in today's movement.
Looks like more trading days are needed to consolidate, and only then will the selling pressure be absorbed and restart the push for +$2 range. We've waited for so long already for this big milestone to materialize, we won't mind waiting for a bit longer!
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Last
54.5¢ |
Change
-0.010(1.80%) |
Mkt cap ! $209.8M |
Open | High | Low | Value | Volume |
56.0¢ | 56.3¢ | 54.5¢ | $317.8K | 575.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 68184 | 54.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.0¢ | 55502 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 69041 | 0.545 |
17 | 86361 | 0.540 |
11 | 27514 | 0.535 |
5 | 24161 | 0.530 |
5 | 55658 | 0.525 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 55502 | 16 |
0.555 | 62425 | 15 |
0.560 | 4035 | 5 |
0.565 | 22124 | 4 |
0.570 | 5339 | 4 |
Last trade - 13.26pm 11/07/2024 (20 minute delay) ? |
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TLG (ASX) Chart |