Absolutely technical traders will do this on price and volume signals. It can then create a snowball effect where people see it rising and jump on board. It's a strange fact of psychology of the markets that a lot of people would rather pay double for something everyone because else is buying it than to get in early and wait.
Absolutely technical traders will do this on price and volume...
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.05M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.0¢ | $84.77K | 315.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2040 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 7492 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |