Imo this is turning into a TA play short term. Its trending downwards so many interested buyers - myself included - would likely see it as wiser to watch just how low she goes before making a purchase. So if more buyers than usual are holding out for a better price rather than buying at market the pressure is downwards. Shorters would likewise also feel free to chip in to the downwards momentum given the current sentiment, which helps the SP fall even if there aren't that many genuine sellers, though there would be some genuine since growth in the US hasn't met the high expectations set last half so they may have lost interest. I'm kinda hoping it goes below 50c again to get a few more. I reckon once it bottoms out it will be followed by a decent rise in a comparably short time frame. But then again I'm rubbish at TA.
NEA Price at posting:
52.3¢ Sentiment: Hold Disclosure: Held