A trading observation that may be interesting and worth thinking about.
Yesterday there was an iceberg on $2.70 holding the price and preventing a fall below. It looks for all intents a floor. Today that iceberg was removed and $2.70 breached.
Now an iceberg appears on $2.67 with the price trading up to it. If it follows yesterday's action it suggests the trader working this trade wants to provide a perception of selling pressure (yesterday perception of buying pressure) - will that iceberg suddenly disappear and the price move up?
I think it will. Makes of fascinating viewing, like watching the Melbourne Cup!
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 (20min delay)
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Last
$50.36 |
Change
-0.410(0.81%) |
Mkt cap ! $20.49B | |||
| Open | High | Low | Value | Volume |
| $50.30 | $50.87 | $50.06 | $10.28M | 203.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 873 | $50.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $50.49 | 873 | 2 |
View Market Depth
| Last trade - 16.10pm 14/07/2025 (20 minute delay) ? |
| SGH (ASX) Chart |