VMG 0.00% 0.1¢ vdm group limited

wall at 44 cents - a theory

  1. 3,499 Posts.
    lightbulb Created with Sketch. 120
    Why would a seller declare thier hand with a 2 million shares
    at 44 cents ? Look suspicious to me i.e a seller saying to the buyers it's going to take you guys (and girls) a while to get through this and other sellers forced to sell under 44 cents if they want to quit VMG - overall effect ? Acts to push the price down perhaps through the critical line of support at 42 cents. When the share downtrends to 39/40...the wall at 44 cents mysteriously evaporates and the SP reverses it's downward trend for the next leg up. Just a theory ?
 
watchlist Created with Sketch. Add VMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.