ericthc,
The selling pressure was straight off the bat this morning. The pros gapped it up on the news that the US staged a huge recovery last night.
This lures in ST traders and sucks them into buying in the morning. As the traders are buying, the pros are selling. As it then falls away, those trapped in ST traders then exit for a small loss which adds to the decay of the SP.
At the moment, there is just the slightest hint of support on the 15 min. I would've preferred to see more volume on the last bar. If this is a weak little up move, it could roll over further...
Cheers,
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ericthc,The selling pressure was straight off the bat this...
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |