Looks like a fair few stop-losses were triggered earlier, it bounced very strongly off the 25-MA line on the Daily Chart and the 20.5c price point, usually the selling continues to flow through if there's anything more concerning but on what started as a quiet day and only 215k volume total yesterday it lit up when a few trades sold down that were only worth $10k to $30k and sparked some stop-losses at those price points.
That's the issue with stocks that have only 82m shares, the volatility in price can swing up and down on barely any volume and can wreak havoc on stop-losses being triggered like today.
Good to see it bounce strongly back to 23c and a bit more volume show up today, 1.36m so far compared to yesterdays 215k.
Bouncing between 20c/20.5c and 24.5c in this accumulation channel.
Looks like a fair few stop-losses were triggered earlier, it...
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.39M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $53.19K | 239.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46317 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 29483 | 3 |
View Market Depth
| Last trade - 14.12pm 03/10/2024 (20 minute delay) ? |
| SUM (ASX) Chart |