Yes, it will be hard for anything in the BlueChip range to make a profit in this global time.
I see a lot more confidence in small to micro cap stocks acting as a defense for investors.
Unfortunately, a day after KAR announced ripper results, the AUD crumbled and the US began manipulating itself with shorting again.
We will see 9000 again soon on the DOW i feel...maybe within the next week.
Also, TAX selling is rife.
And so for now, all charts are fairly naff apart from their support lines, which will be breached by a further 10% beyond their levels IMO.
So for example, this one has support at around $7-50, which when adjusted in line with the US and AUS markets will translate to being a level of around $6-80.
Shame, but the cookie is crumbling again, so watch out guys.
Might be better off anticipating it and buying in at a lower price.
Cheers
L
Yes, it will be hard for anything in the BlueChip range to make...
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Last
$1.83 |
Change
0.050(2.81%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.84 | $1.79 | $8.392M | 4.606M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6282 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 79500 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |