You have gone to a lot of trouble here.
This happens on many, many stocks every day.
The fact is there were circa 300,000 shares for sale at 47c or less. That’s the bottom line. If the sell orders are not there for cheaper prices, it doesn’t happen.
HFTs use an algorithm to ensure their order is for the exact number of shares required to get their order filled for the lower price. This order quantity continually changes as the sell orders change.
Manipulation??
Perhaps, but if the sellers are not there, it can’t happen.
If any stock has enough buyers and minimal sellers, no-one will stop the SP rising.
It is any easy out for holders to cry ‘manipulation’ when the SP is red.
All imo of course.
Good Luck!!
2021 BRN Discussion, page-27746
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $323.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $555.3K | 3.375M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 572645 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 34515 | 1 |
View Market Depth
| Last trade - 15.59pm 03/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |