"This is negative all around so it's obvious that shorters would closed some of their older shorters to lock in profits."
If it is negative all around, then the sp will most likely fall further. And if the sp will most likely fall further, logically shorters won't rush to close their short position to lock in profits.
Your statement is not logical.
PLS chart, page-22685
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Last
$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 163532 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 44591 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |