Today�s trading is dominated by broker(s) and traders who rely on TA / charts.
There is a sacrosanct belief of chartists that price gaps must be filled.
Ref info about gaps:
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysi
In the recent price advance from under $1, we have had two gaps from $1.065 to $1.08 and $1.17 to $1.18.
It would appear that a robot is used to dump small often untradeable parcels that often drop the price. Occasionally, they also stand in front of other sellers. This does not cost them a lot while creating negative sentiment and forcing other traders to jump in front of them and sell even lower. It would not be surprising if the larger parcels were bought by the same brokers who sell small number of shares to pick up a lot of shares for less than otherwise would be possible.
It is quite certain that the small sell parcels will disappear after the gap is filled and the price advance that will follow will be sharp and done with significantly lower volume than on the way down.
This also supports the view that the price is currently manipulated slowly lower in order to accumulate stock taking it from weak hands.
For some of us with significant stake in MHM, it is quite unbelievable that someone would risk selling for a fear of a potential stock drop of ten percent, perhaps hoping to buy back. I think that most of us know why we hold this stock and what we expect of this company in the near future.
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Last
45.5¢ |
Change
-0.020(4.21%) |
Mkt cap ! $235.4M |
Open | High | Low | Value | Volume |
48.0¢ | 48.5¢ | 45.0¢ | $703.2K | 1.509M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12272 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 27253 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 13643 | 0.450 |
1 | 15000 | 0.445 |
1 | 10000 | 0.440 |
3 | 71111 | 0.435 |
6 | 37002 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 27253 | 2 |
0.465 | 122525 | 3 |
0.480 | 182206 | 1 |
0.495 | 104000 | 2 |
0.500 | 85187 | 3 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
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