IVZ Share Price, page-21573

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trader_10

17,293 Posts.

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14/06/24

14:11

Post #: 74317797
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Originally posted by trader_10: ↑

Hi folks,

That's how I see today's movement on SP. This was NO profit taking by any means.....
This arvo was a simple example of Dumb Money that got pressured by Smart Money.
Plenty of Dumb Money in all markets... thank god..... Many of those are either inexperienced/uneducated, plenty of those are T+3 speculators and traders that have little to no cash... some have no cash at all and use it thinking they will become multi millionaires from night to day.

This morning in OZ was not different.....Dumb Money bought in say Tue or Wed and thought the Briefing announcement could be a game changer as the little FOMO started yesterday.... You could easily identify posts from many of them here even.....

Smart Money identify these players and apply simple pressure on the sell side to these emotional and euphoric individuals that now are in need to sell it cause they do not have the financial means to hold the stock and have to get out by 4.10pm.

It works everytime.....you wait like a good fishermen and the fish comes to roast......Patience's always pays off on EOFY movements days......

Today those buys from 10am to 11am today...wasted.. they might need exit either tomorrow or Monday if there is a good pressure applied to the Market Depth..... I'm happy with 2 parcels at 5.4c and 5.5c this arvo....

11 EOFY days to go........ Can we test 5c soon?

1 hour chart:

GLTA

T10

Expand

Interesting arvo ahead...... the pressure cooker is still sitting at 5.6c

Unless it pushes further to 5.4c there will be no takers.

Would be nice finish the week green at 5.5c -5.7c but.... to be seen...... who needs to get out.. will be futher pressured to do so....

Still think we might achieve 5c by end of next week when holders realize the briefing is not a sensitive announcement.......

If SM is in Perth... there will be no major news..... that's for sure.

GLTA

T10

IVZ Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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