Relates to chart and is news....

Relates to chart and is news.

https://www.marketindex.com.au/news/which-asx-stocks-are-shorters-targeting-and-covering-week-36

NVX shorters covering. Not necessarily because they think good news is imminent, although it is possible, it seems they are covering because it has become too hard to extract more value. I think the weird trading behaviour's a few weeks ago demonstrated their decreasing ability to manipulate the price so they are slowly focusing elsewhere until/unless the situation changes.

"Shorters taking profits: Beaten up names like Imugene, Alumina, Novonix and APA Group have experienced a fall in short interest for the wrong reasons. The stocks are trading near 52-week lows (or worse) and shorters are happily unwinding their profitable positions."

This supports @lordbell's hypothesis about how low the SP will likely go. And even if it dips marginally below crica 88c i note your well considered reasons for picking that mark, and again really appreciate your insights and experience there.