After hitting 2.06 yesterday a nasty looking chart formation occurred today when buyers evaporated after an early flurry. When I say buyers I am not talking about Hot Copper buyers. There is no short squeeze here - we know that with shorts declining in recent weeks. But there is big buyer interest and the algorithms told them they could drop the bid with the greatest of ease....and they did, methodically, all day. That's how it goes.
Is the run over, not likely - but tread very lightly if you are accumulating as I am.
After hitting 2.06 yesterday a nasty looking chart formation...
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Last
97.8¢ |
Change
-0.023(2.25%) |
Mkt cap ! $1.113B | |||
| Open | High | Low | Value | Volume |
| 99.0¢ | 99.5¢ | 96.5¢ | $1.253M | 1.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 55368 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 61026 | 18 |
View Market Depth
| Last trade - 11.23am 02/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |