A qualification If you go to the price chart for Animoca in PM and carefully move your mouse over the daily volume bar chart which is a bit clunky you can see that a very small number of shares have traded during Nov and Dec 2022. In fact the price has been collapsed on a few thousand shares in the past few days. If PM was a more sophisticated exchange like the ASX I would be picking off those low sells very carefully. I need to see cumulative sales and VWAP on a real time basis to make informed decisions. I have no evidence but some of the larger sells could be tactical. PM also has a crucial problem with its exorbitant brokerage which inhibits normal trading patterns.
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held