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.
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3.1¢ |
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Mkt cap ! $319.0M |
Open | High | Low | Value | Volume |
3.0¢ | 3.2¢ | 3.0¢ | $292.1K | 9.444M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 962981 | 3.1¢ |
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Price($) | Vol. | No. |
---|---|---|
3.2¢ | 5477257 | 25 |
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No. | Vol. | Price($) |
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103 | 27745723 | 0.030 |
56 | 8686421 | 0.029 |
46 | 4278452 | 0.028 |
16 | 3165668 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 5477257 | 25 |
0.033 | 5418986 | 23 |
0.034 | 6023355 | 29 |
0.035 | 10513976 | 37 |
0.036 | 6052052 | 32 |
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