IMO shorter have taken the lead for past 2-3 days because there is no need for this share to fall so rapidly as fundamental are still strong. With the bullish pattern detected today candlesticks warned short sellers to be on alert. Market sentiment may be changing in the direction of the bulls.This is a four day bullish reversal pattern. It consists of three consecutive days each gapping lower on the open. After Three Gap Downs the market becomes extremely oversold and ready for the reversal of the current downtrend.
So shorter start buying back when bulls would be in control you wont find any where to hide.
on support at .49, page-13
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $278.2M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 34.0¢ | 32.5¢ | $291.8K | 873.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69358 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 730566 | 10 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| SBM (ASX) Chart |