Ditto JVP.
The way I see it, over 6m sold below 50c yesterday...placement was at 50c, the market makers will not get them back cheaper...they have too many now and are having a sale...let it run to 64c, bring it back to 50c for the sale, make the bargain obvious for better turnover!
They would also have known about the placement in advance so that made it an obvious trading point.
These guys own millions, and you can't sell them all at the top!
The market makers are at work here MM, and that close was manipulated by them...the chart will bring more buyers.
I will be very surprised if we don't see more of the same on Monday, and then a close of say 51.5 to 52c. Depends how many they have to get rid of before we can move on.
For a look at similar selling, check the chart action late Jan to early Feb.
Just for you Faulty, in contrast, OEL may be seeing some selling due to the arbitrage factor, but I don't think we're seeing much of it here.
BJDVT, I suspect you've been around these parts before.
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Ditto JVP.The way I see it, over 6m sold below 50c...
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Last
88.0¢ |
Change
0.050(6.02%) |
Mkt cap ! $200.7M |
Open | High | Low | Value | Volume |
83.0¢ | 88.0¢ | 83.0¢ | $2.385K | 2.711K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45839 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 7297 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45839 | 0.830 |
1 | 2001 | 0.815 |
2 | 2588 | 0.800 |
1 | 5000 | 0.780 |
2 | 26000 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 7297 | 2 |
0.970 | 19999 | 2 |
1.010 | 989 | 1 |
1.050 | 100000 | 1 |
1.090 | 50000 | 1 |
Last trade - 11.29am 23/08/2024 (20 minute delay) ? |
NDO (ASX) Chart |
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