Also worth noting that shorts are predominantly hedge funds with deep deep pockets and many positions, long and short: they aren't just biting their nails hoping MSB goes down every day. I feel like there will be less of a short squeeze and a more of a peeling off of short positions, but who knows... they will constantly be a pest, or a necessary evil for liquidity and "information" to be a part of the price...
2m+ shares traded today yet with quite a bit of demand for 2.29 - 2.30: convergence of VWAP and price, although noting it was tough to push 2.30 today, with predominantly cross-trades exceeding 2.30. Unsure how to interpret this as we have broken through the previous resistance level of $2.21~, so here's an Autoregressive Integrated moving average for the next month of trading days (know your risk!):
Have a good weekend all!
MSB Trading - 2020, page-312
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 (20min delay)
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Last
$1.13 |
Change
-0.045(3.83%) |
Mkt cap ! $1.290B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.12 | $12.16M | 10.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 50650 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 124897 | 8 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
-0.045 ( 4.33 %) |
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| Open | High | Low | Volume | ||
| $1.17 | $1.17 | $1.12 | 1447014 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| MSB (ASX) Chart |