Think about the market action here. We have 2 mill sell order which go on at about $1.45 each morning with the sole purpose of making it look weak. On Friday afternoon someone lost patience and dumped on the 300k bid at $0.80. It caused an avalanche of panic sells. Over 1 mill shares were sold in the last 20 minutes, but guess what? $0.80 held as equally large buyers soaked them up from off screen.
Then, after 4 pm the 2 mill of sells at $1.45 comes off again.
I've been studying the chart and technicals this afternoon. Yes, it may drop a bit further I accept, but I don't necessarily think it will. I am not going to sell for a potential 5- 8 cent drop and miss what I see as a stronger chance of a move back to $1 plus over next little while as resources sentiment inevitably bounces.
THis sell down is running out of puff.
Cheers
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.72M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $9.399K | 2.388M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
108 | 62380125 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 51637167 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
100 | 59548459 | 0.003 |
32 | 49452556 | 0.002 |
17 | 26778697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 50759194 | 33 |
0.005 | 37502146 | 20 |
0.006 | 8953000 | 11 |
0.007 | 8440936 | 8 |
0.008 | 1800000 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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