A bit of a quiet trading day today. Only 1.5M shares traded so far. Could be because HK Mid Autumn Festival holiday today. They also had 1/2 a day off yesterday as well. The Chinese are on holidays this week. Maybe people are waiting for next month to role around. The next 4C will be interesting in Oct.
I noticed in the sell side, the 5M order has moved from 12c to 11c. That is about a $50k pay cut, or just under 10%. The 4.5M order is still at 12.5c. You take those 2 orders out and there is not much selling there. And, for the optimistic trader, a new high sell price of 30c and 36c. I think it was only 21c last week. I would like to see those 30c and 36c taken out next month
Anyway, after starting the month at 9c we hit a low of 8.8c and a high of 11.2c, I guess a some accumulation at these levels might be good before we have a hectic Oct and then the run into the Christmas period.
Here's hoping anyway.
xxxooo
