FWIW - last night was not a night MMs would need to build a long position to run lower.
We could have seen strong buying all night (was neutral btw) and seeing as 95% of all trade action over past few months is above current level, this 'buying' could have been simply shorts closing.
If was a meaningful low then you'd normally see a lot more buying behind the scenes.
Not saying I know what'll happen next but that's a pretty standard set up for a DCB (dead cat bounce).
Price starts getting above $360 and bulls can get more excited...
.
- Forums
- ASX - By Stock
- 23/10 Indices
FWIW - last night was not a night MMs would need to build a long...
-
- There are more pages in this discussion • 181 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,027.0 |
Change
16.500(0.21%) |
Mkt cap ! n/a |
Open | High | Low |
8,010.5 | 8,039.7 | 8,010.5 |
Featured News
XJO (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online