SMN 3.77% 55.0¢ structural monitoring systems plc

I have watched the trading on this particularly closely over the...

  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
55.0¢
Change
0.020(3.77%)
Mkt cap ! $75.54M
Open High Low Value Volume
52.5¢ 57.5¢ 52.5¢ $75.61K 138.6K

Buyers (Bids)

No. Vol. Price($)
1 2689 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
56.0¢ 5000 1
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
SMN (ASX) Chart
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