Sharks
Quick question
I understand the concept of needing to soak up supply, what I am unclear about why is the assumption made that all the supply is trapped. For example if there was 10m that traded when the prince broke down isn't it possible 3-4 m will hold LT given the fundematals and not all supply is trapped.
Agree that we may see some ST consolidation, before price makes next move , however the charts in this case can be impacted my news of insurance pay out or acquisition which will overpower that charts . Not suggesting this will happen but I am holding for the later two events. The facts FA has improved markedly and price is trending up is just a bonus for me
iO hit 70, page-12
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Last
31.3¢ |
Change
-0.008(2.34%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $51.07K | 162.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 303570 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 50458 | 13 |
View Market Depth
| Last trade - 12.27pm 04/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
