Not a head fake, perhaps simply short covering.
Over 30% of daily volume has been short for days now. Shorts need to buy back at lower prices, return the borrowed shares (or go again)....then rinse and repeat. Also need to work off over-sold technicals.
Multiyear low bottom formed, page-27
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Last
$141.35 |
Change
1.410(1.01%) |
Mkt cap ! $236.5B | |||
| Open | High | Low | Value | Volume |
| $140.63 | $141.85 | $140.34 | $223.7M | 1.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $141.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $141.36 | 3270 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| CBA (ASX) Chart |