Nothing fake about a buyer but the intent may not be good, someone wants the price up.
If the road show were on I might think it was marketing driving brokers buying.
A lot of buy orders with qty at ever increasing depth, looks like propping up the price on the buy side to me, probably to trigger stop losses later.
Could using the pre road show purchasing - expected free app to app announcement momentum to their advantage, driving up the price with orders at depth pushing new genuine buyers to the next price bracket.
The buy orders at depth look to be chasing / forcing the price up adding ever more volume on the buy side.
Could be wrong but if the top end of all of those buys at depth suddenly vanish, then a little bit of selling is put in place they will try to accumulate more than they sell on the stop losses, and make money selling the price back.
There is defiantly a sudden increase in volume on the buy side "at depth".
Regards Mark H
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Last
3.7¢ |
Change
0.001(2.78%) |
Mkt cap ! $17.58M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.6¢ | $9.509K | 262.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 200000 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 21154 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 200000 | 0.035 |
2 | 201000 | 0.034 |
3 | 260000 | 0.033 |
3 | 575000 | 0.032 |
5 | 940000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 21154 | 1 |
0.039 | 63408 | 1 |
0.040 | 100000 | 1 |
0.041 | 123849 | 1 |
0.043 | 1630000 | 2 |
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