Forget wave counts. Maybe (and this is just a possibility, with no evidence to support it) there is a large shareholder (not management) who has low entry price and wanting to liquidate all or part of holding - and doesn't care if is at $2.00 or $1.00. We should keep track of any substantial shareholder change notices over the next few days.
At some stage one would hope for an elastic band rebound once the selling dries up.
Big seller?
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Last
40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $54.72M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $86.35K | 219.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 2559 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SMN (ASX) Chart |