Australian (ASX) Stock Market Forum

Reply to thread

no idea what it means but the movement in price appears like a technical move rather than a news related one. i think traders must have seen the rejection of 0.495 as a signal that sellers had dried up. the move above 0.53 must have surprised some of us who know sdl well but it seems to have been manipulated by those riding the tide. there were several 500 - 1 million buyers around .53 who helped break resistance. the price has stablised around 0.53 and 0.535!!!


i thought that maybe the annoucement re the placement was a signal that some other news might be comming soon but who knows!!!!!!!!!!!!:eek:


Top