Good analysis Slick but I still don’t agree with you on this amount of short interest not mattering. Keep in mind the price move on the dive down from the 14 area was on a sharp rise and rate of change in total short interest. From the end of Nov the reflexive rally back up to the 13.5 area was on a sharp drop in short interest. It tells me the fast money shorts are very itchy. The total short interest of 1% my not seem high but concentrated in several traders hands it is as they showed us in the late Nov early Dec rally. On this move down you have a divergent high in total short interest while price is not making a new corrective low. If the shorts can’t take out the 50% retrace my bet is they cover fast again. Keep in mind there are 2 dynamics and time frames being trading. The bigger money long term fundamental players who are just sitting back on the bid taking them vs itchy shorts looking for a quick buck. If they can’t get this area to fold then with the divergent price and short interest things might get interesting.
Just one old mans opinion.
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Good analysis Slick but I still don’t agree with you on this...
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Last
5.4¢ |
Change
-0.001(1.82%) |
Mkt cap ! $400.5M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $443.4K | 8.072M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 3056419 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 120000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 3056419 | 0.054 |
23 | 3628513 | 0.053 |
22 | 2108281 | 0.052 |
21 | 1993914 | 0.051 |
67 | 4445029 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 120000 | 1 |
0.056 | 798869 | 9 |
0.057 | 1637593 | 13 |
0.058 | 320000 | 3 |
0.059 | 467000 | 5 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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