You're not wrong on your main point - traders like liquidity but liquidity is about volume relative to price, not just volumes in isolation.
As for the neighbours and hype... Well, I have been around long enough to see sentiment inflated bubbles and what happens to them, is it different this time?
Bullish KNL Weekly Chart, page-100
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.34M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 11.8¢ | $15.17K | 122.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 185500 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 245753 | 1 |
View Market Depth
| Last trade - 12.02pm 16/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |