It is very much FONGO, the depth drops off in the $20s, I reckon it will end up in the $19s by the nature of the market depth. many more FONGO and hardly any FOMO at the moment.
The carry trade away and closing tick will be important to watch, I’d be worried about jumping in for fear it might hit the mid teens and test 5 year and 10 year lows.
WDS Price at posting:
$20.92 Sentiment: Sell Disclosure: Not Held
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