If you don't view the chart in the context of volume, you are missing the actual context.
Price is being set by minuscule amounts of money. I would not read into it.
By my calculations, the total cumulative volume traded over the last 63 days (running quarterly) is 480,414,108 shares. The 63 day average of highs and lows is 0.012 ...a very rough number but we are talking something like $6M traded.
Why is the SP down? Imagine someone wanted to sell something $6M of BRK over the last 3 months. They needed to find $6M of buyers. Here we are.
In reality it probably wasn't just one person trying to sell $6M of BRK, it was probably something like 6000 flightly retail punters with a $1000 holding each that bought because the price was going up and now they're selling because the price is not going up.
I honestly don't think it means anything.
Banter and General Comments .. BRK, page-7450
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Last
51.5¢ |
Change
0.065(14.4%) |
Mkt cap ! $49.16M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 51.5¢ | 44.5¢ | $124.9K | 265.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28946 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 1608 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BRK (ASX) Chart |