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3.77%

82.5¢ australian strategic materials limited

I had a slightly different timeframe, buy at the close of day...

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Duckman1701

523 Posts.

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18/01/22

18:55

Post #: 58956173
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Originally posted by aceisme: ↑

Slight decrease on the short positions from the 11th to 12th of around 8,000. Since Jan 7th overall short positions are down by 10,000. A few days does not make a trend, but at least there is not an overall increase. To me looks like they cover as much as they can during the day and then they bring it down in the afternoon into the close so they can cover some more the following day. It will be a long grinding process to cover 4.2m shares.
A positive announcement right now would set a perfect storm imo.
In the mean time, if you want to trade it, this is a good pattern to follow. Buy at the close and sell the next day before 1pm. But then again, if too many ppl do it, then the bots are trained to change the pattern.

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I had a slightly different timeframe, buy at the close of day and sell during first half hour the next day.

Last edited by Duckman1701: 18/01/22

ASM Price at posting: $9.12 Sentiment: None Disclosure: Held
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(20min delay)
Last 82.5¢		Change 0.030(3.77%)		Mkt cap ! $148.5M

Open	High	Low	Value	Volume
81.5¢	83.0¢	80.0¢	$100.2K	123.3K

Buyers (Bids)

No.	Vol.	Price($)
2	8403	82.5¢

Sellers (Offers)

Price($)	Vol.	No.
83.5¢	6987	5

View Market Depth

No.	Vol.	Price($)
2	8403	0.825
3	27412	0.820
1	2500	0.815
3	9703	0.810
6	9460	0.805

Price($)	Vol.	No.
0.835	6987	5
0.840	5853	3
0.845	3250	3
0.850	280	1
0.855	5000	1

Last trade - 14.13pm 11/07/2024 (20 minute delay)

ASM (ASX) Chart