22.80 - 2300 ledge held looks like
23-24 support working
SHORTS BURNING here,
theyve over committed themselves and have to cover
and the whole market can see it
-5.0% v -1.0% of all peers
ASX200 positive even & RIO BHP FMG all rebounding nicely toward -1.0% to -0.5%
worse still is US futures looking UP 1.1%- 1.5% tonight
SHORTS cant hold overnight in that scenario, they have to BUY & cover imho
once the INSTOs smell the shorts blood and run it to 2350 we should see some serious covering here imho
Long tail with red candle looking likely
if it were FMG RIO BHP, it would be at 24.00 -23.90 now.
Big discrepancy on no news and bullish broker site visits tmrw.
SHORTS GONNA BURN BADLY here imho.
MIN Price at posting:
$23.02 Sentiment: Buy Disclosure: Held
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