GSR 0.00% 1.1¢ greenstone resources limited

Kroll is right. The SP is being pushed around - up and down....

  1. 322 Posts.
    lightbulb Created with Sketch. 149
    Kroll is right. The SP is being pushed around - up and down. Hard to know the motive, beyond the fact one or more traders with a lot of cash are very interested in this stock. My guess is that someone has bought as much as they can but seen the price rise to a resistance point at around 4.2c. Then they have dumped a few shares to drive the price down to buy cheaper, but there have been plenty buyers so they gave up. Doesn't take much volume to move the price up or down 10% from the middle point of around 3.6c and whoever is buying is happy to pay up to about 3.7 for as many shares as they can get, but if they are patient they can buy a little cheaper.

    That all suggests to me the trader/s expect the price to go up, a lot, from 3.7, but not for a little while yet.
 
watchlist Created with Sketch. Add GSR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.