Article in Bloomberg today where JPMorgan believe that retail sellers have capitulated:-
JPMorgan (JPM) Says Retail Investors Are Finally Bailing on Stocks - Bloomberg
“There’s been a trend of weakening demand,” Cheng said in an interview. “It’s fair to say that retail has capitulated.”
The disaffection is welcome news to market watchers who focus on signs of cathartic selling that they say would indicate the downdraft has reached its bottom.
Also of note, Chalice have had 66.7 Million shares change hands over the past 2 weeks. At an average price of $4 per share - approx $267 Million worth of stock.
That's a lot of selling, but at the risk of stating the obvious, that's also a lot of buying.
CHN chart, page-3265
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Last
$1.28 |
Change
-0.033(2.47%) |
Mkt cap ! $496.9M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.35 | $1.27 | $2.880M | 2.249M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 25889 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 20229 | 13 |
View Market Depth
| Last trade - 14.32pm 19/04/2024 (20 minute delay) ? |
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Last
$1.28 |
Change
-0.033 ( 2.88 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.35 | $1.27 | 758993 | ||
| Last updated 14.52pm 19/04/2024 ? | |||||
| CHN (ASX) Chart |