This stock has had a run since April from 5.60 and looks overbought. Mostly ran up on the index changes, inclusion in asx 100.
Now its had 3 lower lows in the last 3 trading sessions and 650 looks like a double top (previous high in Jan before it dumped). I reckon its a short here with stop 655.
Other pts...
JP Mogan has been selling.
Co. has huge debt, still making a loss (10c ps).
Nasdaq and techs looking weaker.
Any comments welcomed from shorters like syringe..
MCG
macquarie communications infrastructure group