Probably a sentiment change and the higher quality operators moved higher.
It could have also been sold down too much.
couple that with a higher gold price and the $aud pulling back could have had something to do with it.
Certainly today was much stronger across the aussie gold sector than I thought it would be. Stronger sentiment certainly played its part.
Daily stochs remain well overbought and will need to remedy itself at some point and we'll no doubt see how it occurs.
Gold stochs on the daily are well out of overbought as techs realign with this correction so we'll just have to wait and see but there doesn't appear to be any kind of drama.
I think that the pullback in the $aud is probably the main contributing factor in the change from negative to positive sentiment. Aussie golds were also quite heavily oversold.
- Forums
- ASX - By Stock
- Price Action
Probably a sentiment change and the higher quality operators...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WAF (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.53 |
Change
0.140(10.1%) |
Mkt cap ! $1.735B |
Open | High | Low | Value | Volume |
$1.46 | $1.54 | $1.46 | $7.795M | 5.176M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6748 | $1.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.53 | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6748 | 1.525 |
2 | 14713 | 1.520 |
2 | 20376 | 1.515 |
2 | 20376 | 1.510 |
3 | 21376 | 1.505 |
Price($) | Vol. | No. |
---|---|---|
1.530 | 25000 | 1 |
1.535 | 10097 | 3 |
1.540 | 10259 | 2 |
1.545 | 22023 | 4 |
1.550 | 117308 | 11 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
WAF (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online