MO, you said...
"Guys, $120,000 worth of volume isn't accumulation. Until a down day comes on low volume we will know people are buying and holding."
You are joking, right?
There is a BIG difference between quiet accumulation and a full on push. This is accumulation, imo.
A push would have broken 25, with fake bids being loaded in behind it. Totally different.
To me, it appears that it's getting soaked up below 24/24.5 and the volume below these levels are getting very tight. Time will tell if 25 will be broken, to soak at a higher level. Perhaps it will remain at this level until we get closer to the full launch of HomeOpen later in the month. The big test will be what they have up their sleeves (if any) to add some spice to the launch.
This launch will be the big test for them, so let's see if they can deliver.
- Forums
- ASX - By Stock
- SP1
- Accumulation still going on
Accumulation still going on, page-10
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP1 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online