Shorters had half the sell volume at the offer price ALL DAY today. There is both shorting and short covering going on at the moment, short target is 37c at the moment, given the days to cover number this could range around 40c for a while. There is also mounting pressure to upside and the makings of a short squeeze but that won’t be allowed to happen given the strength of short numbers both sides of the trade.
just my observations, not an expert, just observant.
Shorters had half the sell volume at the offer price ALL DAY...
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 (20min delay)
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.1M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $307.3K | 2.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1373855 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 2599810 | 32 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
14.3¢ |
Change
0.000 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| 14.0¢ | 14.5¢ | 14.0¢ | 1855690 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CXO (ASX) Chart |