I suspect the pool of available shares for buyers, is shrinking.
Most obvious signal is the number of sellers & units available versus buyers, which you can see in Comsec.
But... since August 2023, GG has been buying up the last few months, think his stack is around 10%. Jane Bell snapped up $200,000 worth a couple of weeks ago. Looks like about 100k shares are been snapped up by individual insiders.
In the same period, total volume traded since August 2023 is 1.3b. And the total available shares is 1.13b. It's easy to conclude that the only people selling are those who bought since August 2023 who are looking to book profit. They'll buy again if it dips.
I suspect the pool of available shares for buyers, is...
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 (20min delay)
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Last
$1.13 |
Change
0.050(4.65%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.13 | $1.07 | $5.964M | 5.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 176236 | 7 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
0.050 ( 4.69 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.13 | $1.07 | 829227 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| MSB (ASX) Chart |