It's possible the big holder selling out has completely his trades.
Volume today was very low with plenty on offer to buy at 14.5 cps which is what the seller has been willing to accept over the past week.
Of course, the SP will not rebound for a while because a common tactic is to stop selling to let the SP rise and then resume the sell off.
But the volume sold does correspond with a particular top 20 holding although I stress that I have no actual knowledge and this is pure speculation.
If I'm right and the sell off is complete then Rox is oversold at the bottom of the Bollinger band and price channel.
Are we there yet?
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $57.01M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $17.27K | 124.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 133984 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 287179 | 6 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |