OK so - is it selling or buying - the person that is picking up the shares that are being sold is offering 1.25 - so they are picking up what is being sold in front of the big bid sitting at 1.2= make sense ?
If they went in and linewiped they might attract attention and create volume which the scans and then the traders would notice pretty fast...
Could be selling in small parcels - but that does not make sense here ..The thing I am struggling to explain is the 20k parcels - any way it is being done in a way that is trying not to attract attention.
The chart is now right at the point where it is has broken the downtrendline and is retesting that- the volume is lowering so that would indicate there are less and less sellers here. RSI flat and holding even - macd tight - Probs best to look at the chart - of course there is a change in the behaviour in the depth - it was only 3.8 mill traded today - so that is not a big amount - either way -
Quiet often in the past the tactic would be to dump into the bid - if they are selling to themselves then they also pick up any nervous volume in that - however that is not really working that well currently - Musings -
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.67M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $8.13K | 673.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 7928870 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 1975480 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 7928870 | 0.012 |
23 | 7113323 | 0.011 |
15 | 5542649 | 0.010 |
9 | 3152219 | 0.009 |
6 | 4457195 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 1975480 | 7 |
0.014 | 7337685 | 10 |
0.015 | 11176712 | 18 |
0.016 | 6348098 | 15 |
0.017 | 1100000 | 2 |
Last trade - 15.45pm 17/06/2024 (20 minute delay) ? |
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Last
1.2¢ |
  |
Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
1.2¢ | 1.2¢ | 1.2¢ | 205000 | ||
Last updated 13.54pm 17/06/2024 ? |
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