From what my experience tells me, The SP looks as if it's being suppressed whilst someone/s accumulates.
The chart does give the impression that the SP may hit 2 or lower, however, I believe (will say again) the buying volume over the week is what gives it away that something positive may be happening IMO.
I think many traders may be/ were waiting for 2 or lower to be hit, thus the relatively quiet day yesterday.
The S&P 500 dropped last-night & night before as well, so perfect time for accumulation IMO.
It's Friday, so there may be a bit of FOMO this avo and IMO will see green today.
I have no idea of what is coming (fundamentally to be announced), however, I believe something may be brewing here.
DYOR.
From what my experience tells me, The SP looks as if it's being...
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $9.579M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $11.49K | 1.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3100447 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 17083 | 1 |
View Market Depth
| Last trade - 15.46pm 05/07/2024 (20 minute delay) ? |
| ENV (ASX) Chart |