Will the instos give the shorters a squeeze to keep BRN in the ASX200.
I wouldn’t want to be a shorter at the moment.
The instos are pushing the SP up, right now, they have done their 4C tree shake. Of course there will be some drops along the way up,
most likely in line with common fibbo retracement levels.
The instos employ the "quants" who program their bots, the quants are programming wizards, who are also highly conversant with Technical Analysis, they definitely work fibbo levels into their programmed trading.
The charts speak to the truth on this subject - if you know how to look at one. The "bots" are the enemy IMO, programmed algorithmic trading is nowhere near as risky as "Shorting", which is trading options (in the main).
But yes if you bought a Put option for any duration longer than 3 weeks since early Nov, you are already well out of the money, at the moment.