I suspect the price movement has occurred because algorithmic or "bot" trading has stopped trying to drive the price down. These were all those trades of a couple of hundred shares that have been so frequent. The trading had got to a point where many followers of this stock thought the price ridiculous and were providing firm support at 24.5 cents thereby not allowing the stock to be further shorted. I think the algorithmic traders have exited thereby allowing the share price to finally move. Hopefully they have gone!
......Could be back tomorrow though!
Is something happening?, page-4
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 (20min delay)
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $253.4M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.5¢ | 42.0¢ | $34.17K | 80.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6122 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 43328 | 7 |
View Market Depth
| Last trade - 10.08am 30/08/2024 (20 minute delay) ? |
| ALK (ASX) Chart |