Ann: Response to ASX Price and Volume Query, page-40

I'm not really sure what is going on at the moment. I like to look at charts but have given up trying to work out what will happen from them as it always seems to only be obvious when the chart has moved. I think the candlestick from a day or two ago and today could be classed as spinning tops, yet price is still holding up for now, though volume is falling away. Spinning vv top can bbn e a reversal, but as i said, always obvious on hindsight lol.

The current chart looks a bit toppy in the short term, but the many small trades seem to indicate the pros are involved. With so few shares on issue and no obvious substantial holder selling it would seem logical some big entity is accumulating.
Frustrating as I assume they will keep manipulating price up and down a bit to keep releasing shares from sellers. Sometimes this can go on for months. The good thing here is if other buyers come in they probably don't have enough shares to keep it capped.
That being said I don't really know how the mechanics of capping work, often they put in a huge sell a few points above market price and move it if it gets hit but no real sign of that here so who knows..
I guess we just have to watch and wait and hope there are plenty of buyers coming in with FOMO. As I think we all agree it doesn't seem expensive for the stage it's at, I just hope the professional involvement is not pumping it up for cr,, although even that is not a huge negative as it has to happen at some point, the higher the price the better.