*The Technical traders getting out due to the Bearish Deliberation Block being formed
But I think the main reason is the Fund managers from the placement. The Sell Parcels have been relatively large.
A lot of Fund Managers are paid a percentage/commission/bonus for there returns for the year, Jan -Dec.
If you were mananging funds it wouldn't make sense to sell bigger portions bring down the s/p but also your near impending bonus.
That being said, I wouldn't be surprised if we finished in the green today with fresh hands on board.
BGS Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
