Shorts are up. We can expect the drive down to continue, BUT......if the sales are up and it is announced in Nov, there will be a covering bloodbath. I suspect that covering will start in the last week of October as the nervous shorters start exiting.
The other thing is that 23M shorts have been held for quite a while, before the last remaining gap, I have wondered when will these be covered. I suspect the drive down has been to cover this gap, (all you chartists say it must be covered), at which point the short holder/s may cover. If they decide to exit and cover all 23M we could see a very quick vicious drop designed to get below their cover price with a large volume, designed to look like a massive sell when it will actually be massive buy. After that it will start its move up again.
My opinion only, DYOR.
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B |
Open | High | Low | Value | Volume |
$6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2151 | $6.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.85 | 27162 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 24763 | 6.780 |
4 | 16439 | 6.770 |
2 | 11427 | 6.760 |
3 | 10844 | 6.750 |
2 | 1946 | 6.700 |
Price($) | Vol. | No. |
---|---|---|
6.850 | 5112 | 1 |
6.860 | 12639 | 3 |
6.870 | 2388 | 1 |
6.900 | 3522 | 6 |
6.910 | 302 | 2 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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A2M (ASX) Chart |