So my speculation. Im not predicting anything Im just saying this looks like a good possibility to me. Fell free to chime in with you observations.
Thing is, when trading started again on Friday 10th. The SP fell from 1.265 to 1.23. On Monday and since the price has fluctuated ranging b/w 1.17 and $1.14 approx.
So reckon on Friday lots of shorts sold at around 1.19/1.18 or better, with the reasonable expectation that the price would fall to 1.10 or much less. Well now that that's not happening they need to close their positions fast before the price goes back to 1.18/19 or they're seriously starting to lose $$$ so they need to start buying and the longer they wait the worse it could get for them, which for those of us going long is pretty good.
So my speculation. Im not predicting anything Im just saying...
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 (20min delay)
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Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33645 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 12149 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |