Guzzle Dazzle, as candiacamera pointed out, AZY has established a predictable trading pattern. Traders (and maybe algorithms) appear to be using the pattern.
After the latest announcement (which I thought were great) AZY as usual spiked (a whole .02). This was sold into, unfortunately the selling knocked the price down. 05 at one point.
AZY needs something to knock it out of this pattern. A takeover, financial event such as the sale of a jv interest, some outstanding results or their results accumulating to a critical level impossible to ignore would all do it.
One thing I have noticed is that AZY usually spikes on big volumes but pulls back on small slow dumps. Whether this is manipulation is difficult to say but a few on here think it is.
Guzzle Dazzle, as candiacamera pointed out, AZY has established...
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 (20min delay)
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Last
1.2¢ |
Change
-0.001(4.00%) |
Mkt cap ! $49.67M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $1.227K | 102.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 8159511 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 3368481 | 6 |
View Market Depth
| Last trade - 15.44pm 14/06/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.2¢ | 420524 | ||
| Last updated 15.35pm 14/06/2024 ? | |||||
| AZY (ASX) Chart |