You need to ask yourself how badly does this new shareholder want to defend their 16c entry price?
Worth noting the crossing was done when the share price was at 19c.
My guess is they will look to continue to acquire further stock on market at or around the current price. No one likes taking a sizeable position to then see it underwater within the first 5 minutes of owning.
Iam in for another spin price action looks to be finding support at the 16c mark. With Altium now off the register my guess is that the sell side pressure will start to ease here and that it won't take much for a push back into the low 20's.
Will throw a chart up in the other thread.
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