Barely 6 weeks ago, POO was bobbling in the mid 80's, and there seemed an almost tactile sense of optimism around investment connected to it. What happened?
I suppose there were an inordinate amount of longs open, some of which had ridden a 200% rise over the past 3yrs. So a cascade effect as they started to close their positions out? And worries around global growth slowing?
No idea...
I do know there is an ominous session ahead today for Brent, sitting where it is right now on that long term support line, and a few cents either side of the Feb'18 lows. RSI smacked under 20 (30 is oversold), and death cross unavoidable, it seems.
Another 7% off last session.How it behaves today may determine its direction for quite a while.
What's our positive spin we normally use for a falling POO?
Oh that's right, cheap contractors.
Barely 6 weeks ago, POO was bobbling in the mid 80's, and there...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 471632 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 132988411 | 29 |
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| Last trade - 09.20am 20/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |
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