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Yet 5gg sp took a nose dive.

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MA0252

225 Posts.

7

03/12/22

11:15

Post #: 65131956
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Originally posted by GLC_860630: ↑

i couldnt help but notice this - trajectory towards $3 by January 2023 ?

then looking at the short position - it materially started forming on FY22 announcements date of 29 August 22. and has kept going to near 6% i.e., no net unwinding. at $2.95 where it opened on announcements day none of these shorts remaining will be in profit and either starting to lose or increasing their losses. (only the ones who already got out may have made a profit on the way down).

question is whether they will double down and keep their foot on the throat or look to cover and move on.

sufficient covering could spring coil the SP back up towards $4 quickly IMO. the days to cover would be quite a few based on daily turnover versus short positions of 13,431,000.

had my finger on mouse to buy in at $2 this time but didn't pull trigger. im thinking its still not too late to get aboard this train

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Yet 5gg sp took a nose dive.

ABB Price at posting: $2.83 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $3.45		Change -0.030(0.86%)		Mkt cap ! $1.023B

Open	High	Low	Value	Volume
$3.51	$3.53	$3.43	$2.083M	598.4K

Buyers (Bids)

No.	Vol.	Price($)
42	4015	$3.45

Sellers (Offers)

Price($)	Vol.	No.
$3.46	5739	17

View Market Depth

No.	Vol.	Price($)
41	4538	3.450
30	27749	3.440
12	8449	3.430
10	19637	3.420
8	4228	3.410

Price($)	Vol.	No.
3.460	5625	15
3.470	18210	18
3.480	12615	17
3.490	19714	9
3.500	11755	9

Last trade - 15.09pm 28/05/2024 (20 minute delay)


Last $3.46			Change -0.030 ( 0.61 %)
Open	High		Low	Volume
$3.52	$3.53		$3.44	107718
Last updated 15.31pm 28/05/2024 ?

ABB (ASX) Chart

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