The selling that has occurred this past week looks like retail holders (weak hands) and bots selling shares between them selves to trigger more selling. I saw the exact carbon copy on other stocks which inevitably increased handsomely in price once they got their fill. The most recent one being VUL. $2 to $5.5 in 4 months the exact same trading activity (well from the point this topped out and momentum began to wane).
Take note of the sell volume being higher than the buy side however the sell volume sits well above striking distance without a big price spike and the buy volume sits right there within a few pips and soaks up whoever sells into it. Also take note of when price spikes do occur, sell volume gets pulled immediately. This was happening a few weeks ago.
It would be nice to see some more updates next week. We are due for some results.
The selling that has occurred this past week looks like retail...
Add FFM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.31 |
Change
0.035(2.75%) |
Mkt cap ! $732.9M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.33 | $1.26 | $4.207M | 3.239M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 11269 | 3 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FFM (ASX) Chart |