Here is some facts Samboy - probability is against you 'short term' shorting from here. We have now had 6 days of Close < Open (including today). Take 966 observations and the probability of reversal is 58.3% tomorrow and 60.0% friday . Prior days have been 47.7%, 46.7% 41.9%, 42.9% and 50.0% reversal probability. The odds are working against the down trend and volume is declining (less sellers), and along with current position v the MACD, 20dma, 50dma and 200dma it is ripe for a reversal. There is also 96.17% probability tomorrow will breach 5.395.
The other point the last time 6 days Close < Open:
* 14 August 2017, bounce as 19 cents
* 7 July 2017 bounce was 12 cents
* 19 December 2016 bounce was 4 cents
I just bought more and as i posted about the trend in September and October previously i was waiting for the moment.
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Last
$21.68 |
Change
-1.300(5.66%) |
Mkt cap ! $67.55B |
Open | High | Low | Value | Volume |
$22.35 | $22.38 | $21.65 | $1.445B | 66.66M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 12719 | $21.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.68 | 119 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 3394 | 21.660 |
48 | 83741 | 21.650 |
13 | 5940 | 21.640 |
9 | 4187 | 21.630 |
9 | 5674 | 21.620 |
Price($) | Vol. | No. |
---|---|---|
21.670 | 12653 | 24 |
21.680 | 18309 | 17 |
21.690 | 9235 | 21 |
21.700 | 13324 | 14 |
21.710 | 6353 | 12 |
Last trade - 15.44pm 18/06/2024 (20 minute delay) ? |
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Last
$21.74 |
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Change
-1.300 ( 5.45 %) |
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Open | High | Low | Volume | ||
$22.17 | $22.37 | $21.66 | 4223372 | ||
Last updated 15.59pm 18/06/2024 ? |
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