It's better to look at the bigger picture these days. A view of the forest from the trees is never a bad thing.
The ASX/XJO is nowhere near "peak pain in the butt" yet. From the 7,633 peak in Aug 2021 - Apr 2022 the ASX has only declined to a low of 6,408 or 16%.
A 20-25% decline (which is not historically out of the question see below) to around 5,724 will put a stop to this RBA nonsense as they know money leaving the share market and going for real goods is a hell of a lot more inflationary than the inflation they are trying to dampen right now.
AIS - EW Chart, page-1455
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Last
18.5¢ |
Change
-0.015(7.50%) |
Mkt cap ! $178.9M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $213.6K | 1.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 168178 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 95921 | 4 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| AIS (ASX) Chart |