Absolutely technical traders will do this on price and volume signals. It can then create a snowball effect where people see it rising and jump on board. It's a strange fact of psychology of the markets that a lot of people would rather pay double for something everyone because else is buying it than to get in early and wait.
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.05M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 26.0¢ | $84.77K | 315.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2040 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 7492 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | 0.260 |
4 | 172035 | 0.255 |
10 | 510954 | 0.250 |
3 | 274000 | 0.245 |
4 | 21670 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 7492 | 1 |
0.275 | 184217 | 6 |
0.280 | 57037 | 2 |
0.285 | 5424 | 1 |
0.290 | 1000 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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GL1 (ASX) Chart |