It certainly is a 'game of two halves' these days!!
(I liked the upswing today....bodes well for the next upswing.)
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that's a very strong close technically.. 4-5x normal volume. i would expect it to try the $11.50 area tomorrow.
Yes a very noticeable ramp up in volume on the nzx today. Tomorrow should be very interesting.
Haha some good money in it for traders. I have held and ignored, let the pros do there thing but not give up my shares. Yep I think people know high volumes with rebalance tomorrow means likely price increase that should last a few days then the trading might start again. Plenty of volatility and liquid which is perfect for short trades. However long term I believe we will see it head upwards
Good sign for tomorrow is that atm closed at its high for the day .....that’s really positive
This stock also followed other global food stocks and didn’t drop very badly. I found some egg stocks such as CALM, meat and milk stocks such ATM2 as are trading at PE ratio above 50? Can they sustain the growth? Don’t you think it is wise to go for attractive discounted stocks in the sector with promising future instead of extended PE ratio stocks? Yesterday after sometime I saw there was heavy demand for some global food stocks trading at great discount to the market. It sees time to avoid overextended PE stocks.
See the fundies been given heaps of extra time today to swap around their shares as part of the MSCI rebalancing
No doubt a fair amount of cooperation