IIQ 3.39% 57.0¢ inoviq ltd

Chart Thread, page-696

  1. 5,767 Posts.
    lightbulb Created with Sketch. 3414
    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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(20min delay)
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
Last trade - 16.10pm 07/08/2024 (20 minute delay) ?
IIQ (ASX) Chart
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