I too love new closing highs, its in a beautiful uptrend, 5-7% gains are the best moves which on consecutive days indicate a subtle rerate. Noone is taking profits yet either.
Iceberg Orders
Iceberg orders are a concept used by the ASX for placing orders with only a portion of the volume disclosed. When the disclosed volume of an iceberg order is filled, this volume is automatically renewed and the order is positioned behind orders at the same price level. The disclosed volume displays as visible volume whilst the undisclosed volume displays as market order volume. The minimum required visible volume depends on the security.
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