Looking at the trades this is a engineered movement down. I would assume that Shorters are now moving to close out shorts as most of them will be in the money by around $2 a share minimum, i.e. 28M shorts * $2 = $56 profit.....
However there are rising jitters about China as a whole with the Chinese market taking a hammering. This would give many Chinese investors the jitters here as well, so who knows.
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$6.78 |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 11744 | $6.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.78 | 20298 | 18 |
View Market Depth
No. | Vol. | Price($) |
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10 | 3383 | 6.770 |
13 | 16106 | 6.760 |
21 | 38289 | 6.750 |
12 | 20404 | 6.740 |
9 | 23971 | 6.730 |
Price($) | Vol. | No. |
---|---|---|
6.780 | 17103 | 15 |
6.790 | 18504 | 16 |
6.800 | 19844 | 13 |
6.810 | 31781 | 11 |
6.820 | 10737 | 9 |
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