The move upwards has been quite interesting on SEA, I purchased at 5.5c and have been watching closely since. Rather than capping the price, buyers have been pushing up the bid early and buying all stock available. Interestingly the price steps have not attracted large amounts of stock, the buyers have to push the price up to the next level t draw further supply.
My reading is that there is some urgency in the buying and not a lot of loose supply at these levels.
Interesting to see what comes around the corner.
DYOR
SEA Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
