I think a few holders have taken profits or had stop losses triggered. A couple of funds have exited but that's to be expected, jumping in/out depending on the TA. Doesn't necessarily mean it's a bad stock, just the capital can be used elsewhere or cash balances need to be replenished.
The longer-term holders/people you expect to be there still are so that's good news. - IMO
If there is intentional downwards pressure on the SP, then that's exactly the outcome wanted. Trigger stop losses and skew the trendline before/during accumulation.
Ann: 2023 Annual Report to Shareholders, page-47
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $11.49M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $56.79K | 5.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1254545 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2577457 | 3 |
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| Last trade - 15.22pm 28/06/2024 (20 minute delay) ? |
| ENV (ASX) Chart |