I estimate shorts are fighting to buyback about 15 to 20m shares to locking profits and fighting with the long funds who see this as an opportunity to finally average down their ZIP positions and perhaps use leverage to do so and play the sharply lower US inflation number.
Either way means shares should finally become scarce this week.
Double whammy to get shorts to finally cover.but I think they left it too late....could move up hard and fast now.
DYOR.
I told you good time to buy, page-26
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 (20min delay)
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.32 | $1.27 | $16.63M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30048 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 290528 | 11 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.045 ( 3.89 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.31 | $1.25 | 2717786 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ZIP (ASX) Chart |