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61.0¢ novonix limited

That's great analysis. Thank you Xiaoguang.

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thecsguy

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18/10/22

16:47

Post #: 64260722
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Originally posted by Xiaoguang: ↑

By 21 Sep (the day before the Fed's most recent rate rise), the cumulative amount of short positions was at 5.22%. From then 21 Sep to 11 Oct, the sum of each day's new short positions is 2.41%, shorting below the price of $2.03. This is possibly due to "downramping" factors including kokoro's price target, which can only benefit "old" shorters, and put "new" shorters at risk. However, during this period, the cumulative amount of shorts have just increased from 5.22% to 5.32%, meaning that among the "old" short positions (those 5.22%), the amount of 1.99% had been closed.It is very likely that new short positions (below the price of $2.03) had been bought by "old" shorters to close their positions. Whatever amount did new shorters put, it had been almost taken over by old shorters to close their positions.During the last 5 trading days (11-17 Oct), each day's new short positions had been dramatically reduced (0.03%, 0.08%, 0.03%, 0.02% and 0.03%).

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That's great analysis. Thank you Xiaoguang.

NVX Price at posting: $2.13 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 61.0¢		Change 0.000(0.00%)		Mkt cap ! $305.4M

Open	High	Low	Value	Volume
62.0¢	62.5¢	60.5¢	$477.6K	775.9K

Buyers (Bids)

No.	Vol.	Price($)
21	226446	60.5¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	15793	6

View Market Depth

No.	Vol.	Price($)
20	222146	0.605
65	495608	0.600
9	110816	0.595
18	282096	0.590
4	60059	0.585

Price($)	Vol.	No.
0.610	33111	8
0.615	19085	5
0.620	33954	8
0.625	21800	3
0.630	50229	4

Last trade - 15.08pm 26/08/2024 (20 minute delay)

NVX (ASX) Chart