It last hit my target of 44c, sighting 36/38 as next support,...

It last hit my target of 44c, sighting 36/38 as next support, but it hit a nice bound back to $1.50 off market reporting and the retails belief in a market reversal, which led the traders, shorters and probably funds, to go fishing (or trawling).

https://hotcopper.com.au/threads/chart-z1p.5496125/page-16108?post_id=62045478

Outside of seasoned swing traders and funds, it seems very little retail buy and sell with any FA, especially FA which includes external factors which include the entire macroeconomic factors, globally.

I wonder if my ultimate 36/38 cents will get hit? I think it is very likely as no light in sight for the global battle of inflation control versus a real (not technical) recession.

https://hotcopper.com.au/posts/62091189/single

@coppergaz might have made a reasonable prediction in that zip (and other beaten down techs) might get a short term bounce on CPI data.

I will watch momentum of the funds into US ahead of next reporting season, which will give an indication on who knows what. I caution that this can be a flawed understanding for those who are invested in local stocks with global exposures, as markets are no longer following each other in the same patterns as they used to.

I believe that one of the main issues for investors(not traders) is that some of our largest economies across the globe are all tackling different issues, and managing said issues very differently. I think in regards to any listed global company, it’s difficult for many retail to ascertain its true risks and have the educated foresight needed to make proper judgment, therefore it’s best to use an extremely high degree of caution when making decisions. I am in no rush.

I will continue to be patient.

Good luck and keep safe.

always in my own opinion, do your own research.