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CRO chart, page-381

  1. 153 Posts.
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    Here is my 2 cents on how it played out.
    After the original pump & CR it settled at 110-115c. The sell side had walls of 3m units + for the first 3 lines - meaning it wouldn't go up. The buy side had walls of 1.5-3m+ units down to 10c where the notorious 12-13m unit wall was set - meaning it wouldn't go down. I think this was done to keep the price locked in until the CR shares were issued, which was yesterday morning. As soon as ASX notification hit, the 13m unit buy wall was removed / relocated to 9c and then down she went. It held just above 9c for a while until the 13m unit order at 9c was removed this morning then down she went again.
    The big 12-13m buy wall looked to have been recently split between 8c and 8.5c but it looks as though it is now gone. Furthermore, the standard sell side 1.5-3m+ unit walls are gone also. Perhaps this means they're done and are ready to let it go, who knows. But as I said before, retail are not in control of this SP and we will only see the price go north once the major players, who have been playing this like a fiddle, decide they want it to go up. I am hoping that it settles now around the mid 8's BUT another thing to be mindful of is that the MACD has just crossed over so we could be in for another slide from here. Then again, that's just how I have interpreted (and what do I know?) it from following the Depth list. Either way, it was definitely an orchestrated pump and dump and big, big money was made.
 
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