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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Last
97.0¢ |
Change
0.030(3.19%) |
Mkt cap ! $1.107B | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 98.0¢ | 92.0¢ | $3.342M | 3.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 33313 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.5¢ | 73982 | 2 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |