If u think about the bots and algorithms used to trade in SMN in small, "non-retail" parcels, retail holders can use such trading to pick off bargains at low SPs and to sell at inflated prices.
If a broker puts too much control and strategy on "tree shakes", a trader be they retail or insto can pick off such bots by buying low to top up or average lower and selling high or skimming to limits/ skimming to diversify IMHO.
It can work both ways.
Support Levels, page-292
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Last
59.0¢ |
Change
0.005(0.85%) |
Mkt cap ! $76.92M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.0¢ | 55.5¢ | $30.11K | 53.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1554 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 15.58pm 22/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |