From my experience, when we see 6mill traded regularly during the day and then getting closed 1 point below vwap for an extended period it points towards brokers working together that have a well worked plan in play.
they know results are coming and they know they don't have to be above 1% to be seen as robust, some may say the sell-down on closing every day is a bad thing, to me it's bullish, if the pros were dumping they wouldn't be closing below vwap every day.
thats just one punters opinion
CBE Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
