Hi Topic, bracing times for holders lately.
Apparently, brokers withdraw client orders after the closing auction. So the orders remaining are meaningless. Even during the day the numbers are fairly meaningless.
The orders that make SPs go up or down, outside of the two premarket auctions, are market orders. Even then, a high percentage of filled orders are during the auctions anyway.
Hence, trying to guess what the SP will do next by comparing the number of sell orders to buy orders is futile.
I have no idea what the EHL SP will do next but I expect that it will do really well in the long term. I am holding but expect a few dips here and there and worse.
Good luck with your investing.
IMHO DYOR
How high can this go?, page-63
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Last
75.5¢ |
Change
-0.010(1.31%) |
Mkt cap ! $391.3M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 77.0¢ | 75.5¢ | $340.6K | 449.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16551 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 10817 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| EHL (ASX) Chart |