Big boys taking profits..Yeah..But who is on the other side of their "profit taking"? Smaller holders caught up in the hype, that's who. And as the new entrants see the SP decline further, the smarter ones will be cutting their losses, accelerating the fall.
Now where's the most obvious point where stop loss orders would be piled up, allowing 'the big boys' to re-enter at a cheaper price?
Looking at the 6 month chart 72.50 is what most would see as classical "support"..so LOTS of S/L orders stacked below that.
How low will the SP go? 67 - 71.50 range is my guesstimate. Personally I'l be topping up at 70 if it ever gets down there.
Big boys taking profits..Yeah..But who is on the other side of...
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Last
$2.75 |
Change
-0.090(3.17%) |
Mkt cap ! $8.279B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.83 | $2.74 | $55.00M | 19.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 281921 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 221281 | 8 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |