Based on the volumes, a large holder is liquidating and traders are getting caught trying to buy the bounce thus adding to the large volumes with stop losses.
There's only so much to be gained for shorters here(unless they believe it's a zero) so I don't think the volumes are coming from shorters.No technical sign of exhaustion yet.
Capital Raising Required Shorters Ruthless, page-19
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Last
48.0¢ |
Change
-0.015(3.03%) |
Mkt cap ! $336.9M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 47.5¢ | $278.9K | 576.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22814 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 9796 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| 29M (ASX) Chart |