So every single short term (retail) trading newsletter were recommending buys at the break of $3.30 some even closed shorts and recommended longs! I came across three such recommendations myself... what we have seen is hot money enter, shorts figure this out, and then the shorts trigger stop losses and flush these traders out.
The smart money bought at today's low (200d MA) and didn't rush in. Lambs for the slaughter as they say.
In saying this the shorts time is nearly up. They are fighting hard to get out of this with their profits in tact. Yes, I'm talking to you Regal Funds haha well played so far but let's review in a week...
So every single short term (retail) trading newsletter were...
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 (20min delay)
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Last
$1.15 |
Change
-0.005(0.43%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.19 | $1.14 | $1.273M | 1.102M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5112 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 15112 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BVS (ASX) Chart |