ASO - Media, page-402

Thanks for the chart, 0.027 looks like a strong support line.

From the broker data it shows that it’s a particular institution that is causing the share price movement.

I would say it’s as simple as change in exposure risk to Nickel due to China decrease in demand and Indonesia increase in supply.

Situations like this don’t follow charts or gaps in my experience just a matter of institution assign a minion to sell ‘x’ amount and they just sell a small amount each day until they hold the target ‘x’ amount. Once they are done normal trading patterns resume.

Looking at today’s volume of 1.9M shares this is above the 1.2 M average and still only worth a tiny $53k. Nothing major in the grand scheme of things but because there is minimal volume available for sale the share price movement as a percentage looks significant and people freak out.