SMN 2.90% 71.0¢ structural monitoring systems plc

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  1. F01
    2,776 Posts.
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    I have watched the trading on this particularly closely over the last three days. It looks like algorithm trading to me with small trading parcels often placed on both the buy and sell side, and rapidly altered. Not sure if they are trying to suppress or support the SP. I felt it was suppression but given I hold the stock I am biased. I think the kick up at the end of each day was accumulation. Time will tell.

    I think the director buy is definitely positive. I wouldn't call it a signal but along with the algorithm trading confirming manipulation in my mind, big volumes decreasing and the SP holding maybe suggesting sellers are becoming exhausted a slightly positive picture is starting to form. At least more positive than what has recently been happening.
 
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Last
71.0¢
Change
0.020(2.90%)
Mkt cap ! $97.52M
Open High Low Value Volume
71.0¢ 71.0¢ 71.0¢ $266 375

Buyers (Bids)

No. Vol. Price($)
2 2797 69.0¢
 

Sellers (Offers)

Price($) Vol. No.
71.5¢ 18703 1
View Market Depth
Last trade - 10.26am 15/08/2024 (20 minute delay) ?
SMN (ASX) Chart
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