Funds are here to make money. Opportunities are aplenty in the asx and they will reallocate. I’ve seen instos sell very early on a2m, avz, ogx and many more. It happens. It means the stock has short term ceiling. Now the key is for sp stabilisation with decreasing volumes. Today was the lowest since the 7th March. Let’s c whether it recovers again or gets sold down further and retests 7.9 c and the volume that is turned over. As the liquidity dries up that is when we start determining the direction and the next phase. For the moment just kick back in relax. 1 billion plus to and we are at 8.5 c. It is not bad as mid 9s was an obvious resistance level that the instos decided to take. The positive is on the next move up there will be a lower volume requirement to breach and hold above.
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