I think some shorts might have just closed positions. As they now see all the bad news delivered to market so chances of going down this quarter is less. On the other hand there is a thing with market.. you know things were bad in last FY and company confirmed today by reducing earning estimate but the official annual result still not delivered so some shorts may wait for that day to close the position.
In any case LT we will recover well.
ELD TA, page-108
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 (20min delay)
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Last
$8.32 |
Change
-0.030(0.36%) |
Mkt cap ! $1.309B | |||
| Open | High | Low | Value | Volume |
| $8.35 | $8.42 | $8.29 | $2.654M | 317.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4056 | $8.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.34 | 549 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$8.34 |
Change
-0.030 ( 0.24 %) |
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| Open | High | Low | Volume | ||
| $8.36 | $8.42 | $8.30 | 72700 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| ELD (ASX) Chart |