I suspect at this point there is very little retain buying. Longs are maxed out.
Makes it easy for participants to trade between entities and push the price lower in the hope of frustrating some retail into selling at rock bottom.
You can see in the market depth and trades it's just being played with.
ADO Charting and Technical Analysis, page-9266
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 (20min delay)
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $46.89M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 1.9¢ | $111.5K | 5.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2199442 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 417089 | 4 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |