That is highly unusual to have a stock close so strong on a Friday and not carry through on a positive Monday, almost never happens, something doesn’t smell right, id say insiders were front running the price last week hoping for the price to pop on open this morning after that announcement (knowing an announcement was coming) for them to exit with a healthy profit , but when it didn’t they dumped anyway. There was a few technical things on the chart like top of bollies on the daily and 50% fib retracment hit of that whole last down move but shouldn’t have triggered that much profit taking, big volume heading into ARU today so maby people swapping over. See what happens tomorrow.
September Trades, page-41
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $126.8M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $35.23K | 316.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 650995 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 250000 | 3 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| LIN (ASX) Chart |