I will share something else i have discovered about short sellers, Looking at today's volumes of buyers and sellers, it seems the shorters might be finding it hard to push it down, so when it hangs at a price like it has over the last week and it seems to be jumping up and down on the same spot.
It indicates to me accumulators taking positions, but what will happen once a share starts to go up is some sell at breakeven, and the shorters would usually use this opportunity to get it down again, and some holding confuse the breakeven sellers with shorting, but because it hasn't moved and they need the money they will let it run. and they may even keep buying to enhance the fomo syndrome which works every time to increase profit.
If you watch volumes and get used to the pattern it becomes more obvious, to me, this is a classic case. Just my opinion. not financial advice.
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $246.4M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $471.0K | 4.064M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
94 | 5983940 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 2408476 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
93 | 5809488 | 0.115 |
123 | 6941935 | 0.110 |
76 | 4243130 | 0.105 |
147 | 10225926 | 0.100 |
8 | 320297 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 2099101 | 27 |
0.125 | 3461846 | 40 |
0.130 | 5889826 | 45 |
0.135 | 3295450 | 44 |
0.140 | 2882595 | 35 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
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