I think it can. A lot will depend on the news flow and what it is. If there are prolonged periods of silence, the shorters will wind the SP back some. The big drops yesterday in a short space of time were from the day traders exiting not the shorters. Their bots have to sell at the mid point so are unable to wipe lines. They can only sell to buyers who place a buy order at the higher sell line either by placing a market price trade or specifying the buy price at the top of the sell line.
Where the SP goes in the short to medium term will depend how hard China plays. The damage by China is done, so how the US and EU respond in which they now have to, is what everybody is waiting for. Their response will affect the SP
General Discussion, page-10
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $424.1M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 48.5¢ | $1.055M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8079 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2618 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
50.0¢ |
Change
0.005 ( 1.15 %) |
||||
| Open | High | Low | Volume | ||
| 49.0¢ | 50.0¢ | 49.0¢ | 585082 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| SYR (ASX) Chart |