im no pro, but would this trend indicate its shorters controlling the SP?
Thinking about it logically, if their job is to borrow shares and sell em high, then buy back again lower to take a profit.... then wouldn't they be doing most of their selling on news and good market sentiment, then buying back again when the market is having a bad day? Just like that 100k buy order sitting there at 0.68c?
THis would essentially form a reverse on the market trend for the stock?
Clearly im no pro, jsut looking at how things might make the SP behave as it does.
What is happening, page-1883
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Last
21.5¢ |
Change
0.005(2.38%) |
Mkt cap ! $54.79M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 23.0¢ | 21.0¢ | $87.37K | 399.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2400 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 331934 | 2 |
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| Last trade - 15.55pm 04/10/2024 (20 minute delay) ? |
| AXE (ASX) Chart |