Its pretty obvious wit the BOT selling down that todays action is largely a short attack. Sure some retail are selling but its primarily a targeted attack to really hammer the price down while people are on edge. Big dumps that occurred at this level of SP is for stop loss hunting. Even with the few big dumps the volume is low today.
Lots of theories going around about the SP but nothing we can do but wait for the rebound. I think the shorts have been caught out like the traders waiting for the DFS to get some volume to maybe exit and now the have to wait.
Anyway it is what it is.
General comments/chat, page-23732
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.5¢ | $92.09K | 5.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 190908 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 3456624 | 11 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |