The short squeeze may become interesting. Have a look at QAN chart when it was trading around $1.20 mark, before turn of events change the entire game (oil price tank, FX drop, less competition...etc).
Note that at the bottom prior to resuming the UP leg, QAN has a high volume turnover and bang there she went.
I'm waiting for the confirmation of large volume prior to placing buy order. However lately with brand culling and potential other news around the corner, would mean that it's better to start placing some small long along the way.
Short squeeze could easily put MYR up over 10% in a day.
cheers
pcyc
The short squeeze may become interesting. Have a look at QAN...
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Last
66.0¢ |
Change
0.030(4.76%) |
Mkt cap ! $549.0M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 66.0¢ | 63.0¢ | $956.9K | 1.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1748 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 97922 | 4 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| MYR (ASX) Chart |