Anyone interested in CPH, see the trading pattern last week.
Everyday there is selling pressure in the morning, but someone buying high to keep price from dropping. During trading hours 10 - 4, not much volume, just enough trades to keep price from falling and build the buy side.
Then last few minutes before close and at close auction, there are massive dumps. So some people are trying to keep price at current value and dumping batches of their holdings everyday at close.
See below figures:
16th of July 10 million shared dumped at close 19th of July more tham 3 million shares 20th of July more than 9 million 21st of July more than 7.5 million 22nd of July close to 8 million
They all are market orders and dumped within few seconds.
If you look at the graph attached, all those volume spikes are those dumps.
CPH Price at posting:
13.0¢ Sentiment: Sell Disclosure: Held
