They were selling heavy into SWM capping the price. It explains the down pressure this week also. Good to see it was just them because they need to tell the market which eases some nerves. They did it last november as well before SWM exploded, not sure why any fund would sell SWM so close to dividends and feb/march news.
Once they are done selling, we will break 70 cents and move onto the next leg up.
Currently we are in a flag pattern extremely close to a breakout up or down.... However I don't see us going down knowing what we know and how good the business is acutally doing.
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 (20min delay)
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $238.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $141.7K | 946.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 80801 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1047806 | 20 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| SWM (ASX) Chart |