I went back over the short volume trends against the price action, from 1 June 2020 the shorting started reducing as you can measure the rate of change from shortman then a very short lag as the price spiked. Even as the initial spike drew in the profit takers, the short volume continued its reduction. This is definitely by a broad measure a sector cyclical reversal but company wise those shorting does have an impact on price swings in the past.
If we compare to Chinese economic numbers + IOP & ignoring the trade war/tech war, what sort of triggers can impinged on the euphoria in the sector?
PLS - 2020 chart thread !, page-677
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Last
$2.99 |
Change
0.040(1.36%) |
Mkt cap ! $9.003B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $3.02 | $2.86 | $70.15M | 23.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8500 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 315120 | 8 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |