Agreed. Very curious to see how the next couple days play out on TLG. The shorts have been piling on hard the last two weeks and have been the primary drivers behind the price drop. Shorts currently sit at an all time high.
I know it seems counter-intuitive based on the price action, but I still believe the shorts are in a (potentially) desperate position. They're counting on a capitulation to get exit liquidity. Maybe they will get it. My feeling though is that if the market continues to tank, all TLG needs to do is hold relatively steady - more importantly, we want to see low trading volumes (i.e. not enough shares sold for the shorts to close out).
If the shorts can't find sellers now (when everything else is selling off), I think they're going to start wondering if the capitulation is never coming for TLG.
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $186.5M |
Open | High | Low | Value | Volume |
43.0¢ | 46.0¢ | 43.0¢ | $314.2K | 710.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10999 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 11793 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10999 | 0.435 |
2 | 85000 | 0.430 |
2 | 50000 | 0.420 |
2 | 70000 | 0.410 |
1 | 3684 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 11793 | 1 |
0.460 | 10000 | 1 |
0.465 | 16905 | 1 |
0.470 | 74326 | 3 |
0.475 | 100117 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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TLG (ASX) Chart |
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