Gees, pretty frustrating but currently we're seeing the SP falling which is one thing but to also see the shorts/hedges increasing as well is a bit bewildering?
Why are they opening new positions when the SP has already fallen 20%. What are they working towards.
Anyway gotta grind through June to see how all the rebalancing goes. Expect a bit of volatility.
Sorry but there's not a lot of joy in the chart to share currently, bottom dwelling in the lower bollies and MACD falling further.
Many investors would be looking to set up the incoming new financial year and with the recent strong move on many BIO's there should be a flood of funds flowing into the sector. Surely NEU would fair well in that?
Would love to see this sector chart reach higher highs!
Anyway regardless, it's been a stellar year for NEU, hope you've all banked a bit.
Cheers
Gees, pretty frustrating but currently we're seeing the SP...
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Last
$16.34 |
Change
-0.235(1.42%) |
Mkt cap ! $2.116B | |||
| Open | High | Low | Value | Volume |
| $16.49 | $16.62 | $15.60 | $9.220M | 565.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 108 | $16.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.35 | 323 | 6 |
View Market Depth
| Last trade - 15.28pm 11/11/2024 (20 minute delay) ? |
| NEU (ASX) Chart |