It's a liquidity hunt technique. Retail position stops around what they consider support and resistance and an operator moves price around to hunt out the liquidity (for a delayed bigger move generally).
It's not always the end of the world, but instead further analysis on larger timescales can indicate intent.
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Last
$1.99 |
Change
-0.040(1.97%) |
Mkt cap ! $375.9M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.06 | $1.97 | $1.546M | 769.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7555 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 485 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |