ADO 11.5% 2.9¢ anteotech ltd

buying pressure, page-19

  1. 1,631 Posts.
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    Just to paint a picture for new comers.

    All the traders have left the building, sold out at 10.5 late yesterday and early today. From now on, liquidity should decrease as long term holders hold tight, until something sparks interest of someone who wants a large stake and the price should get driven up.

    10.5 is now a great new support, as it means all long term holders are in profit as long as this holds above :)

    To twin's point, and something I pay a lot of attention to, VWAP needs to close above 11.6
 
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