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In your opinion, do you think selling is relating to stop loss...

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rxl001

298 Posts.

25

03/02/22

12:14

Post #: 59326951
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Originally posted by canuck81: ↑

If you look at the data the SP was climbing until 17th January before it started its decline. What caused the decline is an institutional investor(s) selling out which for the period of 17th Jan - 31st Jan accounts for 36% of the sell volume. This was a momentum killer and put a lot of downward pressure on the SP. The frustrating part of this is we have seen the same thing happen multiple times over the last year (Regal followed by GEM and now followed by ?). Nothing has changed with the project aside from FYI missing an internal timeline. Once this seller completes their exit and some news comes out I feel we should start to climb again however we don't know how many shares they have left so it's difficult to say when exactly this will occur. Until then we will probably drift lower which provides a good buying opportunity.

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In your opinion, do you think selling is relating to stop loss or profit taking?

FYI Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.8¢		Change 0.004(6.25%)		Mkt cap ! $25.22M

Open	High	Low	Value	Volume
6.7¢	6.9¢	6.4¢	$27.54K	405.4K

Buyers (Bids)

No.	Vol.	Price($)
2	120000	6.3¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	16164	1

View Market Depth

No.	Vol.	Price($)
2	120000	0.063
1	32606	0.061
1	20000	0.060
3	34034	0.058
2	109148	0.055

Price($)	Vol.	No.
0.069	16164	1
0.070	64925	2
0.071	3000	1
0.072	59132	1
0.073	51500	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

CCM (ASX) Chart