SP still continues to track the upward trend. Technicals continue to be strong in this latest move which haven't wavered since September. As I have said previously, to short something that has momentum on its side and has not broken the technical structure is ill advised. From a proper professional standpoint, this should be your starting point and wait for confirmation before taking a position. Technical Analysis supersedes markets breadth and valuation.
This is a classic example of the trend being your friend, or as John Maynard Keynes professed “The stock market can remain irrational longer than you can remain solvent. GLTA
Technical, page-762
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Last
$6.14 |
Change
-0.010(0.16%) |
Mkt cap ! $5.734B | |||
| Open | High | Low | Value | Volume |
| $6.21 | $6.22 | $6.07 | $5.981M | 974.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 22785 | $6.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 11189 | 35 |
View Market Depth
| Last trade - 14.02pm 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |