Charts will follow after the facts as usual. When we see an end to the 3-4.10 pm blues when they systemically - almost daily push the sp to day low or near to. Again today comfortably around the 34.75-34.5c and 3pm arrives - when this changes course to closing on green side then we'll see sp growth unless a TH called an subsequent positive ann released.
On the shorts - clearly from 1/6 to 9/6 they reduced from 2.9% to 2.4% around 10.5 million sold down along with continued ECE sell off around 10 million shares a week during that period. Little wonder SP flips from 35.5c to 32c etc - they are not done YET - perhaps ECE are but now shorters need to exit in a calm manner - much the same we have endured the past 11 weeks - my assumption is shorters will continue their exit of current 2.4% in leu of the company's flagged June financial close - even it arrives and most probably will some time after - they do not want to be caught holding to many when news arrives. So another week or so of shorts reduction. Easy to see when time permits - the fuel on the sell side remains - keeps arriving - when this reduces and shorts have reduced their 2.4% then sp will go north and a positive ann will see the charts blow to a new high - the third spike in looking at 5 year chart. Nearly there - thank you and good bye ECE - can tick that box now at least - didn't that gift the shorts a dream opportunity.
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $320.3M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 12.5¢ | $941.5K | 7.135M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 2345206 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 586330 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 2345206 | 0.125 |
53 | 2289110 | 0.120 |
25 | 1233061 | 0.115 |
18 | 1188432 | 0.110 |
11 | 1004500 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 586330 | 12 |
0.135 | 342321 | 6 |
0.140 | 1434435 | 14 |
0.145 | 908956 | 14 |
0.150 | 3123778 | 13 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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