was nice to see it back at this level after so long.
Having a quick look and it seems like they ran out of selling volume at lower levels so have been putting out the feelers to pick up any volume in the next couple of price steps. Looks like they will hold it at each price step on a daily basis and wait a day so mums and dads see the price and see if they can get any stale sellers to throw some on the fire. This is being very well stage managed IMO. The little push over technical levels on no real significant volume will tickle some technical traders but I expect there will be a sharp sell down coming to pick off their tight stop losses and they get the bonus volume.
What the sellers in there are doing today I have no idea. Makes no sense for anyone but the most nimble high risk trader to have picked up stock recently and sell into a slow rise when you consider the unhedgable capital risk of a good or bad result. Then again many high risk traders think they won't ever get caught and milk a income but on a low volume stock? Sheesh it would be hard work. .
I wouldn't knock back a 40c rise now before any announcement so it starts from a decent level where it should have been for months.
Just wondering if we have yet a new player accumulating a few on teh back of following a leader into ACL. ? They are using a newer smarter strategy .
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