Election influence is always a tricky thing to predict. First we need to know who is getting in, unless that has already been decided and just needs to be announced.
I would like to see it go north of that since I have some in for sale north of 40 (not giving stock away from this point forward) but also appreciate it might take a while to get to my sale price. I needed to do some buying and selling to get myself out of some serious problems, but now I am no longer in that position I plan to sit on it a lot more.
We still haven't fully turned the corner, although that might be happening as we speak. I see that no one is prepared to sell at 0.027 and so it keeps plugging back at 0.028, now that we are starting to see some momentum at 0.029 the next few hours will be interesting. If we can push out that seller or two trying to keep the price down, there is a chance we might see a close at 0.029 today.
The biggest challenge we face this afternoon is buying down the two bigger ASX orders at 0.029, I suspect they will probably put on more once they are gone, but that is the biggest barrier I see at the moment.
ARD Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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