You could hardly say the SP is going up and down, just look at the chart. It's just going sideways around $2.30. The bollie bands have been extremely compressed for the past week, and the last time they were this compressed was in Aug 2020 when the SP was down at 28c. The chartists usually tip a breakout from here, either up or down. I'm thinking the shorters won't want to push it down much more because it would cost them a lot of ammo to push it down and keep it there. If the SP breaks to the upside, shorters will be trying to keep a lid on it, using up more ammo too. I'm thinking that block of offers between $2.30-$2.35 are probably bullshit, designed to make people think the sell side is solid. Let's see what unfolds over the next wee while.
All IMHO, DYOR
You could hardly say the SP is going up and down, just look at...
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Last
$2.27 |
Change
-0.010(0.44%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.29 | $2.25 | $1.276M | 561.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17680 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 1117 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |