Generally speaking - To get through each pip takes a multiple of the screen-offer volume. If it is too thin, it retraces quickly. But your observation is correct - it looks much thinner (on the offer side) that we are used to. IMO this could easily run to 6.4/6.5, but I have a feeling that some punters are "stuck" at those levels and will sell into it when it happens. Nothing travels in a straight line (generally speaking).
Kit.
MAY Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
