A few laggard sellers popping up today - similar poor technique to last week, which is a great opportunity for buyers.
Many would have noticed the late strength in buying today with around 100k shares being bought at 43, 10 seconds before 4.00 pm. And then we see a silly closing auction finishing at 42. I am still perplexed after two decades in this business how people trade. Why investors don't let a stock run but hit bids that have supporting volume is beyond me.
The VWAP today was just short of 43 out of interest.
IHL Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
