After 8.8m shares traded since 27 April (210k per day)ie 43 trading days we see net effect of only a few hundred thousand change hands in top 40.
Rotation at its best has a purpose. Sacrifice a few to pick up mhm @ $1.00. Now I guess the objective is to keep it there to trickle out the stop losses.
May be it was a bit overdone and perhaps too close to +ve announcements.
Lets see when the big bounce comes. Those short have to re buy. Tose who want a decent position and have none or few, have to find the volume from sellers.
Big bounce day I say
ie8
and now for the bounce
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $116.4M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.5¢ | $47.9K | 165.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69780 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12000 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| VYS (ASX) Chart |