my point really, is that no matter what the vwap, the traders are responsible for 90% of it, and will be subject to their exit tomorrow.
The T+1's have little choice, if they have used volume buying beyond their long credits, ie broker money.
Some have exited today, and if history teaches us anything, it will retrace tomorrow under their exit, and investors, will be looking for safe entry, not a run with the crowd, and so the traders find there is no support for their exiting, as investors hold off, and then the price falls heavily.
I would tip, we see 2.5 cents tomorrow.
Again, nothing to do with the stock, to do with the trader exit, unsupported by investors holding off, until base support is achieved.
cheers
- Forums
- ASX - By Stock
- UCL
- break out
break out, page-42
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UCL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
SPONSORED BY The Market Online