ADY 8.33% 1.1¢ admiralty resources nl.

manipulation or takeover ???, page-3

  1. 152 Posts.
    Interesting analysis ecneitap.

    I have been watching closely as well, and although your endgame scenario may be justified, I have seen the action somewhat differently.

    The early buying was solid and sustained and difficult to sell into viz buying back. It looked to me like a broker finessing accumulation. Backing off occasionally, allowing the sell side to build then gently lifting the offer. Occasionally giving a bit back, and possibly manipulating the close, supported by day traders exiting.

    The 'spastic' scenarios like today are when the day traders pile in, and start slapping it about like a pack of demented..well 'day traders'.

    The stock has consistently finished higher each day for a couple of weeks now.

    I have absolutely no idea why anyone would want to accumulate, and have no faith whatsoever in the Directors or company in general.

    I'm not generally a chart believer, but a 10 day minute chart paints a picture of textbook strength thus far.

    Again I am more than wary of any play here, but from a trading perspective, thats how it looks to me.

    Who Knows, maybe accumulation for the mother of all dumps?

 
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Last
1.1¢
Change
-0.001(8.33%)
Mkt cap ! $17.92M
Open High Low Value Volume
1.1¢ 1.1¢ 1.1¢ $11.94K 1.086M

Buyers (Bids)

No. Vol. Price($)
1 1000000 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 400000 2
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Last trade - 13.26pm 19/07/2024 (20 minute delay) ?
ADY (ASX) Chart
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