Hi @ttppxx
I refer to your
Post #: 73811836 on 14 May 2024, about market price sensitivity of ANN's - in this case posted by you per the "Africa Asia Summit Presentation" Thread.
Note from your chart per that Post (as my latest Commsec 3-month daily candlestick chart also depicts) there were
4 bullish inverted hammers created on 03,08,10,& 13 May, and yet another one today! – which usually indicate – after so many being created on just 5 trading days (out of 10) – that under normal circs they are likely to indicate a change from currently flat to upward, in the short term.
IMO though, holders need to be careful about considering leveraging downward now – given the current low SP - because of tax-loss selling likely to eventuate in the period over the next few weeks, which is the annual behavioural norm in such a period, till shortly before 28 June, the last trading day of the 2023/24 FY.
Even if the PPSA is announced in that period, and
the SP correspondingly jumps,
IMO that jump will only last a short while, and then resume drifting downward again, a drift that thus could be exacerbated by even more tax-loss selling!Hi - @ttppxx
I refer to your Post #: 73811836 on 14 May 2024, about market price sensitivity of ANN's - in this case re the latest "Africa Asia Summit Presentation" :Note from your chart (as my Commsec 3-month daily candlestick also depicts) that there were 4 bullish inverted hammers created on 03,08,10,& 13 May – which usually indicate – after so many – that under normal circs are likely to indicate a change from currently flat to upward, in the short term.
But be careful about considering leveraging downward now – given the current low SP - because of tax-loss selling likely to eventuate in the period over the next few weeks (as is the annual behavioural norm between now & shortly before 30 June).
Even if the PPSA is announced in that period & the SP correspondingly jumps, IMO that jump will only last a short while, and then resume drifting downward again, exacerbated? by even more tax-loss selling!
Hi - @ttppxx
I refer to your Post #: 73811836 on 14 May 2024, about market price sensitivity of ANN's - in this case re the latest "Africa Asia Summit Presentation" :Note from your chart (as my Commsec 3-month daily candlestick also depicts) that there were 4 bullish inverted hammers created on 03,08,10,& 13 May – which usually indicate – after so many – that under normal circs are likely to indicate a change from currently flat to upward, in the short term.
But be careful about considering leveraging downward now – given the current low SP - because of tax-loss selling likely to eventuate in the period over the next few weeks (as is the annual behavioural norm between now & shortly before 30 June).
Even if the PPSA is announced in that period & the SP correspondingly jumps, IMO that jump will only last a short while, and then resume drifting downward again, exacerbated? by even more tax-loss selling!
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Open | High | Low | Value | Volume |
6.7¢ | 6.9¢ | 6.7¢ | $34.82K | 512.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150899 | 6.8¢ |
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Price($) | Vol. | No. |
---|---|---|
6.9¢ | 131225 | 1 |
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No. | Vol. | Price($) |
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2 | 150899 | 0.068 |
5 | 315404 | 0.067 |
6 | 376496 | 0.066 |
5 | 893384 | 0.065 |
1 | 100999 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 131225 | 1 |
0.070 | 498387 | 6 |
0.071 | 370417 | 2 |
0.072 | 550000 | 2 |
0.073 | 460000 | 3 |
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