Technically, everyone should have bailed Wednesday. There was another bite at the cherry Thursday morning. The trading direction has changed fundamentally; from a strong uptrend to a strong downtrend. The market works on mechanics, not the hopes of select individuals. Someone on here suggested using the rise as an opportunity to reduce margin loans and the risk of margin calls. I hope those with excessive exposure took this advice. This is a high risk stock; if you ignore the reversal signals you will be burned again. Some choose to highlight that certain brokers rate this a high risk or speculative buy. Be aware that some brokers also rate this as Avoid.
Technically, everyone should have bailed Wednesday. There was...
Add GMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$33.04 |
Change
-0.160(0.48%) |
Mkt cap ! $62.62B | |||
| Open | High | Low | Value | Volume |
| $32.71 | $33.11 | $32.71 | $21.90M | 666.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 128 | $33.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.05 | 754 | 11 |
View Market Depth
| Last trade - 12.38pm 09/09/2024 (20 minute delay) ? |
| GMG (ASX) Chart |