It wasn't support.
The close at $2.00 was because there was a seller with 3 mill on offer at $2.00.
Buyers who wanted stock got as much as they wanted at $2.00. The seller sold about 500,000 of the 3m.
The last sale prior to the adjust was at $2.05
He forced the gap down to $2 so there might have been some reason.
If someone wanted to bring it down I could understand it.
We don't know who's in the market or shorting it.
I don't usually trade the stock, but made some money last week.
3 million order at 4pm, page-9
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Last
$7.37 |
Change
-0.020(0.27%) |
Mkt cap ! $5.093B | |||
| Open | High | Low | Value | Volume |
| $7.37 | $7.42 | $7.33 | $3.123M | 423.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26459 | $7.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.38 | 1695 | 3 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| CGF (ASX) Chart |