The reference was that other companies use positive broker coverage to pump n dump, prior to a cap raise, or when a large drop is expected. Not to the company itself.
Current upticks are instigated by very low level feeds from the offer side, with a large blocking sell at the next 1/2 cent level, which prohibits bigger offers being put in the line, and helps govern the XT and at market trades...
If you have the opportunity, watch the offer line just above the current sell. Has been low 15000, with diminishing orders to keep the interest and trade prices up.
This was also done at the previous highs, and I did question the behaviour then, but fortunately I now have better resources to watch them.
Let' s do hope that the tin price can drive the price upwards, but so far it is honouring the 10 EMA, which keeps bouncing back from crossing the 30. ( But bloody close to doing so!)
Once it DOES cross, and the SP can break through the .33, THEN It might actually get a bit exciting!
*Interesting case studying while we wait for a breakout, at least!
MLX Price at posting:
30.0¢ Sentiment: None Disclosure: Held
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