This thread really highlights the lack of understanding from retail when reading the capital structure of companies.
Check the broker data, check the top 20 ownership - interpret & estimate the amount of free-float available in the market after considering these aspects whilst an uptrend has been initiated. Check the recent volume over this uptrend, check the highest volume day for CXM (Last Thursday - 25th Feb). This would conclude it's evident the insto's control the registry, therefore it's moves are very controlled on their account.
When they want it to move - it moves, as the lack of liquidity plays a large role for retail to accumulate a position.
I think those million lot parcels are clearly a representation of suppression on share price until it's warranted for a move north.
Sitting well on the support line here & maintaining a very bullish sentiment.
CXM Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
