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
$6.75 |
Change
0.030(0.45%) |
Mkt cap ! $4.879B |
Open | High | Low | Value | Volume |
$6.74 | $6.83 | $6.68 | $14.43M | 2.140M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6761 | $6.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.77 | 13253 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 28577 | 6.730 |
2 | 14036 | 6.720 |
2 | 8038 | 6.710 |
2 | 2150 | 6.660 |
1 | 3000 | 6.650 |
Price($) | Vol. | No. |
---|---|---|
6.770 | 10253 | 3 |
6.780 | 11736 | 3 |
6.790 | 10390 | 4 |
6.800 | 18407 | 3 |
6.810 | 6629 | 2 |
Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
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