I see that the energy sector is dragging the index down in what is otherwise an up day.
S&P/ASX 200 Energy 13947.30 -72.6 -0.5%
We could end up closing today back in the 20's.
The NEN daily candlestick chart is looking ugly.
But the upside is that with any good news we could see 33.5+ again!
Me no comprehende' - what can be gained by holding the share price down on a dribbling turnover. Like, it'd be different if there was some tree shaking going on ie to accumulate. But there has been a clear lack of buying interest now for about over a week - more than has been the case for the last month, it's just dried up. And we're now coming into the interesting time of results being announced.
Maybe the bigger buys are nervously hanging in the wings, waiting to pounce. Witness the large sell side once previous news was announced - seems like a queue of people busting a gut to get out at ~35c. So it's still a safe bet to get in ~35c on a good ann.
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