After the early May announcement we had a large amount of sellers in the days that followed (3 sellers for every buyer), it evened out, then the buy side started increasing. The buy continues to be very high with 5.4mil buy and 1.5mil sell orders. 260 buyers vs 100 sellers..
This is likely to gap again tomorrow, unless the depth changes. Once the buy/sell side evens out then this will settle.. To me this looks like it may test 60c again..
If you guys have noticed, we dont even have a chance to make walls, thats how quickly it is rising..
SGH Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held