And on Monday EXL will hit new highs and close above $3.50. Neither has to be tick for tick and in synch and neither has to wear the leaders badge. A lot a headache over 2% divergence.
As I have said before it is simple arbitrage.
ELLXF and EXL have flipped leading and following, one pulling the other one way or the other over and over for 6 months now.
It’s easy to blame “Australian investors” but the reality this this a broker driven and controlled stock.
If you have been watching as closely as it sounds you would notice the algorithm attached to both exchanges which is controlling what happens but hey don’t let that get in the way of a good story.
Everything’s fine and should be an exciting 8 months ahead. As long as the long term trend stays up that’s all that matters.
Ann: Nunyara land purchase, page-31
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.284M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $7.097K | 1.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 97429 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11426399 | 13 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| EXL (ASX) Chart |