I think sellers have hit a brick wall of buyers around $8.80.
I also think today was a down-blip - I think that many in the market are looking through individual pricing events for zircon etc to estimate what prices will be in six months or more.
I am often wrong - but I am targeting an SP of about $9.70 over the next few days for a quick trade. Slightly stronger AUD isn't helping however.
I've made much more money shorting this than longing it, so I'll hang upside down from the ceiling in my vampire costume, and that should do the trick.
GLTA
quarterly, page-12
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 (20min delay)
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Last
$5.83 |
Change
-0.010(0.17%) |
Mkt cap ! $2.496B | |||
| Open | High | Low | Value | Volume |
| $5.97 | $5.97 | $5.81 | $9.570M | 1.626M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 8000 | $5.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.86 | 7098 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ILU (ASX) Chart |