IMO this is being raided.
Forced cascading selling on open, once it was below 9.0 cents a single 427k sell appeared on the ask. Panicked sellers kept jumping over it selling down to 8.6 cents.
Immediately 1.097M shares had been accumulated @ VWAP 9 cents, the 427k sell was pulled and immediate support bids built to over 1M forcing price back up into the 9's.
Job done. Again.
As it has been the past few trading days.
Either that, or SP is being worked to lower for purposes of CR, with the same aim of discount to VWAP, more bang for your buck in a raise.
Or it's just pro traders grabbing a bargain and fleecing panicked retail in the process.
Impressive to watch in real time whatever it is.
IMO this is being raided.Forced cascading selling on open, once...
Add 3DP (ASX) to my watchlist
 (20min delay)
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Last
3.5¢ |
Change
-0.003(7.89%) |
Mkt cap ! $26.00M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.5¢ | $51.41K | 1.427M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1326455 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 125000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.003 ( 7.89 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.7¢ | 3.5¢ | 604335 | ||
| Last updated 15.48pm 30/05/2024 ? | |||||
| 3DP (ASX) Chart |