Some will be lemmings - but many more will be the large population of pip traders here who are hedging that there is more volatility ahead and that an exit today at 9c will throw up a lower priced re-entry later in the day, tomoz, next week or whatever.
Of course, if today is the end of the large pullbacks (for the time being) they will be caught on the wrong side of the trade and will likely have to pay more to get back in.
In other words, the daily tribulations of pip trading.
Classic Double Top, page-206
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Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1.61K | 161.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 4173372 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 4407983 | 18 |
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| Last trade - 12.15pm 19/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |