I noticed that at 2pm yesterday the shorts were at it again to sell IGO down but then it went back up. This morning it went sharply down and then went back up ... So, it's been a tug of war between the shorts and bottom pickers. It looks very promising now as it is heading to the highest for the day at the end. The shorst will keep fighting and hopefully the late shorst will be burned as this baby forms a bottom. The truth is that at around $8 it is still way higher than what it was 3 years ago at $5.5. The shorts won't let go of this for a whileHowever, once they give up it will be a big jump with help of short covering. What IGO needs is better market prices for metals. Once we see a bottom, IGO is likely on a 6 months climb as the share price recover.
I noticed that at 2pm yesterday the shorts were at it again to...
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Last
$7.93 |
Change
0.145(1.86%) |
Mkt cap ! $5.997B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $8.02 | $7.84 | $15.73M | 1.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 7371 | $7.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.93 | 10467 | 49 |
View Market Depth
| Last trade - 15.19pm 03/05/2024 (20 minute delay) ? |
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Last
$7.96 |
Change
0.145 ( 2.05 %) |
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| Open | High | Low | Volume | ||
| $7.87 | $8.02 | $7.84 | 1680260 | ||
| Last updated 15.40pm 03/05/2024 ? | |||||
| IGO (ASX) Chart |