Well orchestrated accumulation.
Giving themselves a week or two before next announcements to accumulate a large parcel.
But, must reach a point where they know they are pushing the price-up against themselves - so today was a breather day.
However, I think there is more than one organisation accumulating so its not a coordinated effort and the price didn't pullback enough.
Hence "weird" behavior.
At least, that's what i think is going on.
Good thing I am just sitting pat and not trying to trade this stock - and that's why I think the price lifts so easily under the slightest buy pressure. Just not enough sellers to keep things level.
I am not thinking this is buying based on leaking information - I think its just some big buyers trying to take large positions before the next news is released.
Question is - will they hold beyond the next news cycle is take a big dump at +100% ?
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Last
57.0¢ |
Change
-0.020(3.39%) |
Mkt cap ! $62.85M |
Open | High | Low | Value | Volume |
58.0¢ | 58.0¢ | 57.0¢ | $39.32K | 68.77K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 703 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
57.5¢ | 2243 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 703 | 0.570 |
2 | 19524 | 0.565 |
1 | 20000 | 0.560 |
3 | 5600 | 0.555 |
7 | 39500 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.575 | 2243 | 2 |
0.580 | 5000 | 1 |
0.590 | 11499 | 2 |
0.600 | 8210 | 2 |
0.610 | 6129 | 1 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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IIQ (ASX) Chart |