Yes agree. Might see open at $11.79ish, then from there who knows;).
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10 - 12 has been the range for a while punuated by false breaks on both sides. time will tell of course if its a real breakout or just more range trading
50m shares still shorted - will the panic set in to cover as the sp heads back to previous high?
Or will those with courage of conviction use the opportunity to double up on their shorts?
Either way, must be a sobering wake up in 2019 for the shorters who thought they would make serious bucks from the December 2018 market 'crash'?
Big orders on the ASX
I am guessing we are heading above the 200MA now
There you go $12, that should make a few people happy:t_up:. I didn't think it would get there that fast.
Improving fundamentals will eventually win out over the shorters IMHO.
There may still be some volatility (we live in very uncertain times,) but it seems to me, the longer term trend is back in action, as reports of ATM's increasing sales/earnings play out.
UK sales might be hurt by Brexit as Britain GDP declines, but ATM is well spread internationally to pick up the slack elsewhere so I pick the upswing relates to other factors i.e. improving fundamentals.
a2 found resistance above 12 again. see what happens
Shorters feeling the burn! Ouch!