I share the same opinion asteroider but I think DOW may re-test its October 2008 lows and fall under $4.00. It has been hammered for days now and surely the risk/reward ration for shorters isn't as great as it was 2-3 weeks ago. There was a spike in shorting volume yesterday by some 20% giving me an indication that they are not giving up just yet. We need to wait for the DOW management to poke their heads out with either, positive or negative news, before we could say anything more definitively.
However, if the shorters slow their activities some support may be found around $4.00-$4.10 range. We can see the support clearly building up as I type.
I share the same opinion asteroider but I think DOW may re-test...
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Last
$5.71 |
Change
-0.050(0.87%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.82 | $5.85 | $5.71 | $3.075M | 533.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23129 | $5.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 1925 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
