More buyers than sellers. Its been a while. Some big orders at 43 on the bid. Not sure if they are all genuine. Been there since yesterday. Someone selling 1000 lots steadily into 43.5 every 10 secs. Trying to shake out buyers IMO.
I sold out at 45-46 following the charts. Buy signals not coming in yet but the market depth looks stronger on buy side than it has for a while. That quick flush down to 42 on Wed steadily moved to close back at 43.5. However is holding up well the last two days. Buyers moving in on fundamentals rather than TA perhaps. Such as the news below.
AMP also become a substantial holder as notified this week so have been doing much of the buying the last few weeks. Long term it is good having holders like AMP and CBA onboard. Though this does bring the price manipulation which is blatantly going on as well.
Have reentered at 43.5/44.
IIF Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
