Well played AJ and it could go lower. However, in the fog of war the only safe foxhole is a fundamental one and that is why I spend much more energy researching the fundamentals. The shells are landing all around at the moment so it is safer to keep your head down for a while. Personally, when somebody is shooting at me I like to shoot back........ metaphorically speaking in this case. That relies on me having the ammunition of course. I was prepared with plenty of re-supply in preparation for the attack.
Regarding the Open Interest............. a decline in both price and OI indicates liquidation by discouraged traders with long positions. As long as this trend continues, it is a bearish sign. Once OI stabilizes at a lower level, the liquidation is over and the prices are then in a position to rally again.
Watch this space.
Cheers
Well played AJ and it could go lower. However, in the fog of war...
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Last
$15.90 |
Change
-0.230(1.43%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.23 | $15.89 | $28.19M | 1.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 9551 | $15.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.90 | 1600 | 10 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
