Looks like they are able to generate cash through partial sales of the portfolio. That takes out any CRs anytime soon, imo.
I sense that was the reason for the high shorts. Not sure how low they think they can take this but that was the last opportunity for a final shake down which they managed to do but didn't have too many coins drop out of pockets. Tells me there are no more stop losses left down to $1.33. Generated very little volume. For me, that's confirmed it's a trading BUY.
Insto buying well above these levels recently.
Lastly, a bullish hammer candlestick should be generated on the daily chart today, That's enough for me on a reasonable match across fundamentals, technicals and sentiment. Still a fair bit of work to do break out through resistance levels but a good risk/reward pay off here.
Looks like they are able to generate cash through partial sales...
Add OBL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.05 |
Change
-0.010(0.95%) |
Mkt cap ! $295.2M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.00 | $228.0K | 220.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 878 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| OBL (ASX) Chart |