I'm not expecting news. As we saw yesterday more than 8 million shares changed hands. There was never that many buyers listed on the buy side. The inference is that buyers are waiting off screen. No one wants to catch a falling knife. The best was to tell the bottom is when the price turns. My guess is that buyers watching off screen have seen the sentiment change and jumped in.
I expect some of those machine traders who have been net buyers as the price dropped will start to sell into the strength and make an easy 10%. The SP has been in the control of traders for weeks, and as long as volumes are weak they'll keep control. Expect more selling to push price down, accumulate a few million, then sell as the price strengthens.
Hopefully people can switch off and ignore the daily noise.
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I'm not expecting news. As we saw yesterday more than 8 million...
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Last
9.2¢ |
Change
0.001(1.10%) |
Mkt cap ! $104.3M |
Open | High | Low | Value | Volume |
9.0¢ | 9.5¢ | 9.0¢ | $64.02K | 687.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 95809 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 2681 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 95809 | 0.092 |
2 | 103256 | 0.091 |
6 | 240016 | 0.090 |
3 | 85000 | 0.089 |
4 | 60689 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 88455 | 1 |
0.097 | 82474 | 1 |
0.099 | 102000 | 1 |
0.100 | 441320 | 3 |
0.110 | 21066 | 3 |
Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
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