Will have to agree on covering shorts ! Nice bullish engulfing pattern forming and obviously a relief rally .
Expect a quick bounce to the upper downtrend chanel of around $8.50 - $8.60. Than I would look to have another crack at short around than ..
Technical bounce - however they are comparing this to the Sydney hailstorms ? You did not have coal mines out for months - business losing all stock and future earnings.
The cost to the business community in loss of earnings is massive and will not be realised/known for another 6 months.
On a side issue have a look at earnings for BOQ yesterday.
interesting article, page-15
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$19.66 |
Change
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Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14429 | $19.65 |
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| Price($) | Vol. | No. |
|---|---|---|
| $19.68 | 510 | 1 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
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