actually it’s mostly been the opposite - distribution. Brokers (including people like Charles Thomas who initiated the vend) been selling, net buyers heavily commsec. Broker data is very clear.
thats not to say its doom and gloom, profit taking is a natural part of these small cap pumps by the brokers who funded it. And that it’s always absorbed by retail.
but to go higher needs a new liquidity source (or sellers returning to the bid).
Ann: VHD Technology - Record Density Achieved, page-55
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