Sorry but we're not talking about shorting, but having said that hedges can use P&D's to swap out but I'm not sure that happened in this scenario, I'd need to spend more time analysing the intraday volumes to confirm.
I think that the volumes of the 15th and 16th would have been shorts opening positions for sure and why not but again I'd need to go over the date to confirm.
Currently the LIT chart is very ugly therefore no short/hedge position is going to be spooked. It's in a punch-up with the 50ema currently but is a loooong way away from breaking this downtrend unfortunately. Man we've been waiting a while eh?
Cheers
Cheers
LTR Price at posting:
63.5¢ Sentiment: None Disclosure: Not Held
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