Would have thought the cratering sp was enough and speaks for itself, obvious to most. Oversold is a commonly used broker term and posted regularly by well-intentioned EVN traders all the way down from a sp of $4.50 and higher. Sure, stock shorting is high risk but there are enough stock examples of the successful hedge funds, shorting all the way to nil and worse. Remember Lehman Bros, too big to fail it was claimed. As we speak (approximately 1050 AEDT) EVN flat on the day, at its intraday lows, $2.11.
EVN chart, page-3063
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 (20min delay)
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Last
$3.50 |
Change
0.050(1.45%) |
Mkt cap ! $6.950B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.51 | $3.44 | $28.67M | 8.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 260128 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 201176 | 8 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EVN (ASX) Chart |