EDIT: By the time I got this out, BIDS ALREADY GOT HIT!!strooonnnggg sell!
Hey @Cand1eStickMan love the username!
Boiler Room is a term used for pumping, that honestly fits the MEI thread quite well.
I am just a small outlier looking at price action and past patterns of history here, saying it'll go down. A loner here hehe
Evidently, the price action continually shows someone/multiple people selling into it,
Wont be long before they remove the buyside, or worse off get hit by the nice Sell walls seen at 17c
Will only drive it lower I suspect. Smart money really offloading size into the "Boiler Room"
As per below.............
If you find the content useful, please be sure to follow my social media platforms for more Boiler Room content
TWITTER MEI REE, page-155
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $358.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 19.0¢ | 16.8¢ | $917.7K | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 350242 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 554950 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |