Without sending like the mediocre pessimistic hotcopper investor, don't set your expectations too high this week for the following reasons:
- S&P500 has been copping a 'bear battering', MA20, MA50, MA100 and MA200 are all pointing to another leg down as well as r1-3 pivot points.
- The recent increase in SP has been on small volume relative to our median trading volume, this is commonly referred to as a 'low volume pullback' and is generally attributed by weak longs and is an unreliable indicator for determining a reversal.
- The recent increase in short positions with production literally days away. we're at a historically high level of shorters relative to SOI, currently 10.69%!!
For these reasons I believe we're unlikely to see an appropriate re-rate in the short term.
Cheers boys, enjoy your weekend.
General Discussion Topics, page-90952
-
- There are more pages in this discussion • 50,249 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $339.6M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.3¢ | $896.6K | 27.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 184 | 35483742 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 585362 | 4 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |