A few things could be up. Could be anticipation that there is big news on the horizon.
Another thing comes to mind, though. I was looking at the long-term (>15 years) ASX200 chart a few days ago and noticing how before the recent market-wide correction we were only just beginning to return to the ASX long-term trend from being well behind. Now we're back to lagging. I was reading an old AFR article that suggested a reason why the ASX hasn't recovered as well as other markets after the GFC was that we don't have the proportion of tech stocks to drive gains that other markets have. With the world really on the cusp of another industrial revolution, maybe there are some smart investors out there taking the opportunity of a bleak-looking market to seek out potential gems that could bring good returns, even in a bear market, while the blue-chips are likely to languish.
Anyway, here's a good video about what future-oriented thinkers might be wanting to watch for:
A few things could be up. Could be anticipation that there is...
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$3.19 |
Change
-0.100(3.04%) |
Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.45 | $3.18 | $4.002M | 1.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19867 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 4150 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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