Looking at the trades this is a engineered movement down. I would assume that Shorters are now moving to close out shorts as most of them will be in the money by around $2 a share minimum, i.e. 28M shorts * $2 = $56 profit.....
However there are rising jitters about China as a whole with the Chinese market taking a hammering. This would give many Chinese investors the jitters here as well, so who knows.
DH and JH, page-72
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Last
$5.58 |
Change
0.045(0.81%) |
Mkt cap ! $4.025B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.60 | $5.54 | $3.787M | 680.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8596 | $5.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.58 | 26639 | 22 |
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| Last trade - 14.48pm 10/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |