I know some are bored of hearing the shorter(s) but it can provide some insight into the SP action.
From 15-18 June shorter(s), after a period of high volume short covering in early June when trading volumes were higher than normal, put on a net 1.2m new shorts when trading volumes returned to the normal 1m-2m daily range. If they were trying to drive the SP down below the key 24-25c area in a thinner trading market they were unsuccessful. Future shorts data will be interesting to watch to see if they persist.
To me this trading action seems to be putting a floor under the SP as value buyers enter the fray at great prices. Having said that and knowing much luck at predicting SP movements I could be completely wrong.
I know some are bored of hearing the shorter(s) but it can...
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Last
15.3¢ |
Change
-0.003(1.61%) |
Mkt cap ! $272.8M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $82.85K | 549.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 422496 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1114724 | 18 |
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| Last trade - 15.14pm 28/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |