finally the market action feels "right" for a big bounce. AUD getting spanked but Cu holding its ground, and resources have bounced solidly off their lows today. I have a feeling that the shorts would be viewing this with calmness and perhaps as an opportunity to add more rather than cover. That suits me fine as it will make the squeeze bigger later. Doesn't look like its going to rip higher today, but it wouldn't take much overnight for it to go nuts to the upside tomorrow. Lots of negative outcomes priced in already.
finally the market action feels "right" for a big bounce. AUD...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |