Heaps of profit taking happening today. Lots of orders going through which are not even visible on the bid or the sell side.
Looks like 24-25c is the line between what current holders are willing to sell for and what new buyers are willing to buy for. Whoever is making all these trades go through between 24-25c off screen are clearly unloading some shares without any movement to the SP.
I think it is fair to say there is some profit taking going on.
It is not surprising to say the least. As the markets have taken a hit, many will be making significant financial losses on the share market generally. As any capital loss cannot be offset without a capital gain, it is fair to assume that stocks like CTM which have done nothing but rise in these volatile times will be used to balance out any capital losses from other stocks in ones portfolio.
We should be very cautious in this market as incentives are never clear, let alone in a pandemic.
I would not be surprised to continue to see resistance until the financial year is over, which can hopefully shake out the short termers. Until then, this price is subject to control for individual gain.
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Heaps of profit taking happening today. Lots of orders going...
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Last
38.0¢ |
Change
-0.035(8.43%) |
Mkt cap ! $188.0M |
Open | High | Low | Value | Volume |
41.5¢ | 41.5¢ | 38.0¢ | $188.5K | 486.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 105743 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 15896 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 105743 | 0.380 |
2 | 55000 | 0.370 |
2 | 502587 | 0.360 |
6 | 105750 | 0.350 |
1 | 15000 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 15896 | 1 |
0.410 | 5000 | 1 |
0.415 | 5743 | 1 |
0.420 | 13000 | 1 |
0.425 | 21859 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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|||||
Last
38.0¢ |
  |
Change
-0.035 ( 3.06 %) |
|||
Open | High | Low | Volume | ||
41.0¢ | 41.0¢ | 38.0¢ | 103817 | ||
Last updated 15.59pm 06/05/2024 ? |
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CTM (ASX) Chart |
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