My thoughts are that the trading today is showing the effects of trailing stop losses set by many traders and short term investors. Starts off as a bit of profit taking with selling that prompts thoughts that maybe the top is here. This follows with the SP beig down 10% where it triggers trailing stop losses. Volatility brings out the lemmings. Volatility also brings out opportunity.
Where to from here today. ????
Todays trading.
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $267.6M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.6¢ | $408.5K | 15.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 8484271 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 2681213 | 9 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| SYA (ASX) Chart |