They work off averages and charts and use automated programs for buying and selling., the same as on opening and sometimes in auction process, you will see bids entered and pulled.
They have retested the fib at 0.095 on both days this week with very small sells to see if that will trigger any stop losses, where they would be waiting to buy and accumulate.
They are not concerned about losing a few dollars and they read the charts well enough to know they have time on their side because until all indicators are met, the stock will continue to trade within a certain range .
At the end of the day, they make money and part of doing business on the ASX with all companies.
Personally, I have no problem with it and happy to have the price sit here and accumulate more when I can because I know once it breaks out, we all make money
They work off averages and charts and use automated programs for...
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $38.55M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.8¢ | 5.4¢ | $66.83K | 1.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 72215 | 1 |
View Market Depth
| Last trade - 15.40pm 21/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
-0.002 ( 6.90 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.6¢ | 5.4¢ | 128123 | ||
| Last updated 15.08pm 21/05/2024 ? | |||||
| HRZ (ASX) Chart |