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1.45%

6.8¢ renascor resources limited

RNU chart, page-3529

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blockhead

1,164 Posts.

106

30/06/23

11:09

Post #: 68550519
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Originally posted by ndp_2010: ↑

I agree, the order book is mostly garbage. There are some legit/buys and sells at the bid/sell line, but its usually only a few hundred K units. (occasionally there is a big buy/sell over 1M).
However, the game still exists, ie, stacking buy/sells behind orders, and I imagine they wouldn't do it if it did not work.
We have seen the price being stacked a few times on the buy, and the bots switch to buy and magically the price 'rises ' a few c, retail take a few % profit and someone buys the shares. Rinse and repeat. IMO accumulation games. Frustrating, but also tell me there is a long game to get bigger profits than a pip. waiting for that again.

Also I noted that as a pleb retail, placing an order over 500K units had to go to the commsec trade desk to be 'released to market slowly so to keep stable price and market' ie. let the big boys pull their orders before you can take them out.

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Didn't know that "release slowly" went on, I have thought from time to time of putting a few mil for sale a few pips above the buy or sell line to see what might happen to the sp but always been too worried in case a halt or ann appeared while I was doing it and I got badly burned

RNU Price at posting: 18.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.8¢		Change -0.001(1.45%)		Mkt cap ! $175.3M

Open	High	Low	Value	Volume
6.8¢	6.9¢	6.8¢	$15.27K	224.6K

Buyers (Bids)

No.	Vol.	Price($)
1	14705	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	401850	7

View Market Depth

No.	Vol.	Price($)
5	173714	0.068
12	1096602	0.067
8	1100181	0.066
18	1179869	0.065
7	670500	0.064

Price($)	Vol.	No.
0.069	374995	6
0.070	549322	5
0.071	168824	2
0.072	230900	2
0.073	754761	8

Last trade - 10.09am 14/11/2024 (20 minute delay)

RNU (ASX) Chart