My super fund uses a very basic platform that does not...

My super fund uses a very basic platform that does not participate in pre and post auction. I have never tested it through this process since my investments are buy/sell at market instead of limit so you bring out an interesting question.

On the price action, Friday's break and close of the previous massive red bar is not the best action to try to pick a reversal. That 10C is not only a psychological level but mathematically through ASX pricing mechanics, it moves 0.5C increment >10C and 0.1C currently. In my experience looking at these type of KEY level breaks, the quicker is snaps back above 10C the more it signify a head fake or else every trader will gauge the psy break as very significant and offer supply if it ever was to teat it again as it tries to climb that wall of worry.

A good chart on this price action to analyse is DRM as it hit that LT 26C low and slid to spend half a year forming that base before getting a kick start from the bullish December gold rally.