Looking at the trades, it was likely a back test and manipulation to of an Insto to grab some more. Resulting in a few retail capitulation! It works so often. The volumes were not large so whilst a back test it was likely the SP low, at this stage resulting in a dragonfly doji. Will post at the close a chart on the charting thread.
Here's the chart of the low trades at 3, so they got a few! Retail, stay strong, that's what they want!
(disregard the volume number on chart, commsec charts are crap)
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-35
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $265.3K | 16.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 9802121 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 719999 | 2 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |