Sorry, but this spreadsheet was a bit rushed. The main reason is to demonstrate how quickly orders can evaporate once a trend is defined. At the peak of 8c plus buyers share units demanded was numbered in the 90 mills, seller units in the 25 mill to 35 mill.
It stayed close to this range all through the 7c to high 7s.
On Friday 1st (of last week) there was a 'dump' of shares that pushed the price down to 6.8c. having traded as high as 7.4c.
Of note was the fact that since that last 1/2 hr of trade the quantity of shares demanded has fallen from the 80 mills+ to the current situation of 58 mill units demanded and 48 mill offered.
View attachment 866531
Now not all this is effective demand, unless there is a sudden buying or selling panic. So, even assuming that the top three lines represent effective demand and supply a similar though not quite so dramatic representation is shown. Once the down-trend gets moving a lot of those orders in the 4s will get pulled as they have done in the higher ranges. When fear takes hold everything succumbs, sadly PLP/LPD is immuned.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
Column 7 |
| 1 |
12:12 PM |
Wed 6 Dec 17 |
|
|
|
|
|
| 2 |
|
Buyers
|
|
|
Sellers |
|
|
| 3 |
No. |
Volume |
Price ($) |
Price ($) |
Volume |
No |
|
| 4 |
16
|
1,667,514 |
0.054 |
0.055 |
908,131 |
3 |
|
| 5 |
11 |
907,224 |
0.053 |
0.056 |
247,982 |
5 |
|
| 6 |
14 |
1,285,760 |
0.052 |
0.057 |
1,645,582 |
7 |
|
| 7 |
Total |
3,860,498 |
|
total |
2,801,695 |
|
|
| 8 |
|
|
|
|
|
|
|
Given that this reversal has occurred it is going to take quite some time to correct.
Other studies of stocks in the past presenting similar behaviour too have fallen sharply and now are range-bound an example at hand is Fastbrick Robotics, it ran strongly on a possible tie up with Caterpillar.
DYOR, I'm just telling it as I think it will pan out, as I say I topped up and will bear the pain until the tide turns. which I think it will, and I hope I'm too pessimistic.
(20min delay)