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?
I went back over the short volume trends against the price...
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Last
$3.80 |
Change
-0.060(1.55%) |
Mkt cap ! $11.43B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.82 | $3.73 | $57.00M | 15.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69737 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 38473 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$3.80 |
Change
-0.060 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $3.80 | $3.82 | $3.73 | 3913253 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| PLS (ASX) Chart |