The bot has been doing exactly this for a while.
It gets knocked out of the game during periods of more volume, but it's been chipping the price down for a while now.
It's an algo design that bases it's movements on weighted volume, so it will automatically sell into the bid price at a per determined interval underneath a certain volume/time period.
usually every 30 - 90 odd seconds as that gives the illusion of more volume for others looking only at # of trades.
Very common, very annoying...
It's pretty oversold now under under the VWAP, if your looking at charts there's an argument for a B (ABC)wave correction but I'm still keeping an eye on the 200 EMA as a big deal...
updated chart, page-1627
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $30.60M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.8¢ | $47.91K | 1.256M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 881755 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 150000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PTX (ASX) Chart |