Hi all,
Looks like there is a bit of momentum forming. Since the mysterious volume buying appeared on the 14/3 shorts have plummeted and the covering has helped to push price into a rising channel. It appears to me a great deal of the selling during this time has been aimed at capping or pressuring the price down into a more favourable area for shorts to cover quit their positions. However, it also appears there is building momentum on the demand side with more traders and longs buying in on the dips, while the supply side is rapidly drying up.
MSB Charts, page-103
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Last
$1.39 |
Change
-0.075(5.12%) |
Mkt cap ! $1.587B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.37 | $9.337M | 6.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 80200 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 28642 | 2 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| MSB (ASX) Chart |