"The longer the base, the higher the space"A descending channel like the one we have is a result of small stop liquidations that bigger investors use to buy shares, eg liquidate stops, use sell liquidity to buy. There is massive sell side liquidity all the way up to 9c. The market will normally take it. Each liquidation requires selers (especially naked shorters) to buy shares, hence why you can see huge spikes higher whereby nobody wants to provide sell liquidity for these buyers.
Then you have the canandrum often presented to many engineers: if the building undergoes structual failure after 20 years was it ever an engineering success? or for the case of DRE... were the sellers over the past 2 years right? Perhaps as trades, but as investors? Time will tell.
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.19M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.8¢ | $35.42K | 1.888M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1952400 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 2294187 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1612400 | 0.018 |
11 | 2462758 | 0.017 |
15 | 3457339 | 0.016 |
30 | 6368497 | 0.015 |
10 | 3537641 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 1794187 | 8 |
0.021 | 3254473 | 11 |
0.022 | 1317500 | 4 |
0.023 | 500000 | 1 |
0.024 | 212083 | 4 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
DRE (ASX) Chart |
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