I’m not going to pretend I know who was buying.
But one thing is absolutely certain; high volume means a bullish trend in the stock and is generally always followed by a higher share price.
It doesn’t matter whether its retail or institutional.
If there was anything in this Amazon conspiracy, the volume would be significantly higher than its current pathetic levels and would be much more in line with the periods of high volume we saw when rumours about US listings and Klarna interest circulated the Australian media.
Many on this forum seem to cling onto hope of what happens on social media, as if they're trying to solve a jigsaw puzzle and believe their solving some mysterious secret.
There is no institutional interest in ZIP as it stands - and therefore its a long way away from any exclusive Amazon announcement.
All IMO
Daily Price Movement / General Discussion, page-36308
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Last
$1.70 |
Change
-0.090(5.04%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.69 | $129.7M | 75.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93847 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 556968 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |