And within minutes, another 2.5m sells thrown on the market. It is definitely a concerted effort to push the price down. This ebb & flow strategy is synonymous with a short selling strategy to keep flushing out uncommitted longs and disciplined traders (triggering stop/losses).
This strategy generally creates pressure on the price so, if there is a positive catalyst, the share price will bounce hard.
Now would be a good time for a price sensitive announcement!!
Waylering 7, page-112
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Last
21.5¢ |
Change
-0.015(6.52%) |
Mkt cap ! $616.0M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $1.204M | 5.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1751438 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 577087 | 9 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |