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ASX200 4H, could we see a new test of 6715?Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715. A move up to and break of that level could start to tell us that a new short-term up trend is underway. Thanks to all our subscribers and to the trading community for watching today’s update. We wish you good trading for the rest of the day.
EIGHTCAP:ASX200Long
by Eightcap
TRUE SCANDAL HAPPENED WITH BYND MEAT SHARE SALES AND ISSUE !!!! SELL THE SHARES OR SHORT THEM - THE COLLAPSE HAS JUST STARTED !!!!! What happened to beyond Meat is an flagrant demonstration of how top executives and the Law autorise them to screw existing and late shareholders to make tons of money on their back and let them take the slide and huge losses. clearly selling shares at 160 $ to privileged shareholders is screaming to the market that the 230$ price is way overvalued and it is all natural for the market to correct sharply to 160$ in a short period of time actually all happened from 234 TO 180 THEN the day of sales from 180 to 160 in one day. Now investors being screwed are frustrated and give up the stock massively adding to that all the short sellers then there is absolutely no wonder the share will slide much lower in the short term as the 6 times profits were totally disconnected from reality however the numbers and fundamentals were good. Revenues tripling and share price making 7 times is a clear disconnection. And all lucky early investors are looking now their potential profit going south and they will sell also massively to still make a huge multiple bagger I personally think this should be illegal to offer massive amount of shares to the secondary market before proposing existing shareholders to buy them discounted and issuing right issue to compensate them for the dilution and share price decrease that will automatically follows. A true scandal !!! and free money to short sellers by tipping them so loudly with this share sales at 160 $ !! I can't believe management or investment bankers advising them on the sales are so dump to not know the consequences .
NASDAQ:BYNDShort
by PhilippeDelpCFA
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NASDAQ:AAPL
by wealthbuildup