howdy ash it was close but the selling just dried up,
not too bad a day if you think about... very low volume today, and a very bad ASX day 1.5%, i thought it might have gotten lower but no luck! (i had a few low buy orders in )
May get some good bargains tomorrow IMO if the asx has another bad day. But I cant see it retracing lower than 74/75c and for more than 1 or 2 days at these levels before another buyer steps in and buys everything from 75c-85c again, but it is a good opportunity for a trade if it dips and you have cash but you have to be quick with the re-entry as we know it corrects quickly.
Tomorrow will be interesting as it tipped through its moving average today, may see a strong bounce back or may drift sideways depending on the market sentiment.....thats of course assuming an insto doesnt buy heaps tomorrow & or lots of short covering which would give us a good jump regardless of the sentiment on the ASX
All just ponderings and thoughts
SHJ Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
