mmmmmm interesting. Wall at 9:80 and if that goes and breaks 9:85, I will buy some after the attempts to break the trend line. Not much volume though so I don't know if they have given up yet. IMO.
Hingdog mentioned Short covering. and based on the buy volumes but still pushing down, i tend to agree with him. Speculation of course, but if they are covering then this might be the bottom.? or very close. I hope so, but one more push to 50 would be perfect for me. GM next week? normally that would give me confidence but maybe the shorts need some volume to close out completely. I assume there are about 2 million shorts? they might need a good announcement for some volume.
All speculation
GLTAH
Short Term trading, analysis and TLX noise - No investors keep out, page-177
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Last
$18.48 |
Change
-0.310(1.65%) |
Mkt cap ! $6.184B | |||
| Open | High | Low | Value | Volume |
| $18.66 | $18.85 | $18.48 | $20.76M | 1.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13096 | $18.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 1200 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| TLX (ASX) Chart |