Generally speaking - To get through each pip takes a multiple of the screen-offer volume. If it is too thin, it retraces quickly. But your observation is correct - it looks much thinner (on the offer side) that we are used to. IMO this could easily run to 6.4/6.5, but I have a feeling that some punters are "stuck" at those levels and will sell into it when it happens. Nothing travels in a straight line (generally speaking).
Kit.
Cuba Block 9: Operations Update 31 May 2024, page-161
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.77M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.3¢ | 2.1¢ | $91.04K | 4.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2121433 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1168000 | 4 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |