Hi botfodder - I would guess that the explanation behind your chart is that retail investors are not trading. They are either already shaken out, or those left holding are hardcore and hanging in for the TOL issue come hell or high water. Shorters are not increasing short positions either as far as I can see, but happy to let the bots run lose manipulating SP to their preferred level of comfort. The trades going through are day traders IMO - buying takes it up in the morning hoping for an announcement. Low volume holding pattern until we get any real news.
So that short cover rally part II I was hoping is nowhere to be seen unless they surprise us again. Last time they took advantage of the US long weekend, maybe they will do so again with the Oz long weekend? Maybe they will just sell us back down to 85c. Who knows, only the charts.
once more unto the breach, page-44
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |