I suspect at least 30-50% of the volume yesterday was related to the recommendation in a popular newsletter. The buy-up to price was 12.5c. Due to yesterday's PA rarely moving below 13c, you will find a lot of support sitting around the 12-12.5c level.
I have seen this type of market behaviour many times before. It may get to 16c on Monday, but I suspect it will retrace back to the 12-12.5c if not briefly before moving forward again.
Personally, IMO I would like to see this stock settle down and build some consolidation around these levels before moving higher (unless you are purely interested in trading not investing). It's not necessarily a healthy thing for a stock to move up too soon, too quickly - I'm sure TON holders can recently agree on that one.
30c Cometh, page-6
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.559M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 250000 | 2 |
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| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| HYD (ASX) Chart |
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