I'm new in investing shares and this is just my imagination. This algorithm trading is done by a new investor. He do not have enough shares to push the price far below 24c at one time. He keep accumulating shares at 2.4c last week. When he found this level is almost exhausted and then he sell proportion of his accumulating to create fear. After that he can start to accumulate shares at 2.4c again or even at 2.3c during opening and closing. All the algorithm trading is used to block seller and confuse people about the trading occurred before. The algorithm trading is not used for trading shares.
Anything else can explain the selling fast?
AEE chart thread, page-164
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 (20min delay)
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $99.66M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $92.53K | 716.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 626462 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 33731 | 3 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| AEE (ASX) Chart |