It's a wildly over-simplied generalisation to suggest the Chinese are barking mad punters. They make the yanks look like amateurs.
There's definitely a bullish case to be made about the stimulus efforts, but the speed and degree of the sharp uptick looks like something more akin to Bitcoin price action.
A major press conference is slated today which has many eyes waiting with great anticipation of what the devil in the detail will look like. Great expectations need better-than-great fleshed-out details otherwise it will become a sell-the-news kinda day... in the ST, at least.
Over-optimistic animal spirits by punters or co-ordinated contrivance? Dunno, don't care. It does, however, look wildly priced for perfection, in the ST. To that end, I'm with @Lies&damnlies, which I'm sure was the central point.
It's a wildly over-simplied generalisation to suggest the...
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Last
$3.10 |
Change
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Mkt cap ! $9.561B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.20 | $3.09 | $44.70M | 14.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 125299 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 6985 | 8 |
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| PLS (ASX) Chart |