It is a marvel to watch the maker operator easily churning this down with Chi-x trades day after day just like they did to Mako. It is the reason my most of my trading is now on US markets where there is more retail participation and technical levels get more respect. AUE blows through all MA's as if they are not there.
I think it is because there is very little retail participation on the ASX any longer due to the changes implemented to favour algos over the last 10 years. Now the algos have the run of the place with a different set of rules vs retail, they target stocks that are retail heavy for downrating and can move them easily with churn trading.
I mean: who wants to invest in an Australian company these days? Not a country still known for delivering a return to shareholders; rather a high risk proposition with both Lib/Lab pushing the 'no profits' WEF agenda.
AUE Price at posting:
27.0¢ Sentiment: None Disclosure: Held
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