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5.51%

$5.49 igo limited

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slimsven

193 Posts.

18

21/06/24

10:11

Post #: 74420449
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Originally posted by dmaivn: ↑

So, we have a new low of 5.87. Today has a big volume of 2.42M during regular trading hours at 4pm. I expect that the short sales figure released for today (by tomorrow) will be high. Afterhours volume is 1.47M shares within a few minutes!

The high of the day was 6.06 and the low at the close was 5.87 or 3.1% intraday gap. This has been a pattern for weeks of large intraday gap for a miner which is supposed to be stable. Any one who thinks they can trade this gap should not even try. On an unlucky day, you can try to short it at the opening and hope to gain 3-5% somewhere later by covering quickly and pocket a cool 3-5% but you may see a sudden pop of 10% or higher. A stock that is so compressed by all this selling and shorting can explode it way up any time. Whe it eventually goes up, it will be explosive and the uptrend can be for a whole month.

On the other side of the coin, the long feel terrible but crashing out now will likely bring huge regret later when the price is 100% higher than what it is now. We cannot do anything but accumulate slowly as it drops and look forward to the earning report in July.

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IGO Price at posting: $5.70 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $5.49		Change -0.320(5.51%)		Mkt cap ! $4.157B

Open	High	Low	Value	Volume
$5.74	$5.94	$5.49	$27.97M	4.955M

Buyers (Bids)

No.	Vol.	Price($)
3	9228	$5.49

Sellers (Offers)

Price($)	Vol.	No.
$5.50	74	2

View Market Depth

No.	Vol.	Price($)
3	9228	5.490
6	34167	5.480
1	17120	5.470
5	80265	5.460
4	6150	5.450

Price($)	Vol.	No.
5.500	74	2
5.510	61	2
5.520	50	2
5.530	5033	4
5.540	19	1

Last trade - 16.10pm 08/10/2024 (20 minute delay)

IGO (ASX) Chart