Interesting analysis ecneitap.
I have been watching closely as well, and although your endgame scenario may be justified, I have seen the action somewhat differently.
The early buying was solid and sustained and difficult to sell into viz buying back. It looked to me like a broker finessing accumulation. Backing off occasionally, allowing the sell side to build then gently lifting the offer. Occasionally giving a bit back, and possibly manipulating the close, supported by day traders exiting.
The 'spastic' scenarios like today are when the day traders pile in, and start slapping it about like a pack of demented..well 'day traders'.
The stock has consistently finished higher each day for a couple of weeks now.
I have absolutely no idea why anyone would want to accumulate, and have no faith whatsoever in the Directors or company in general.
I'm not generally a chart believer, but a 10 day minute chart paints a picture of textbook strength thus far.
Again I am more than wary of any play here, but from a trading perspective, thats how it looks to me.
Who Knows, maybe accumulation for the mother of all dumps?
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.92M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 252872 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000000 | 0.010 |
3 | 411111 | 0.009 |
3 | 490000 | 0.008 |
8 | 1090106 | 0.007 |
6 | 1400000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 252872 | 2 |
0.012 | 1745041 | 3 |
0.014 | 200000 | 1 |
0.015 | 2000000 | 1 |
0.016 | 636341 | 2 |
Last trade - 16.11pm 10/09/2024 (20 minute delay) ? |
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