One of our resident shorters here explains that the lower CR price works as sort of "guaranteed stop loss" when the share price gets too high above it after CR. They can short it down with no risk then close out with their CR stock.
It's hard to say if it will happen this time because the share price has shot up right after the CR. If it can beat this $1.80s resistance area and it turns into support, that should be a tough area to break down under again. Today is our 4th attempt to get over the mid $1.80s so if we keep bashing our heads into it, it may break through and then take off.
It took us months to get over $1.60. This $1.80s area is even stronger resistance so we need to keep pushing up to try break it. Maybe on the 5th attempt, maybe 8th, etc
$3 SOON, page-618
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Last
$1.80 |
Change
0.105(6.19%) |
Mkt cap ! $2.278B | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.86 | $1.72 | $46.47M | 25.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 74441 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 4258 | 2 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |