There are not a lot of shares freely available, so selling down will encourage some to sell and they put the odd order themselves to bulk the sell side.
The bot then buys, when there is an certain amount available. They don't want to push the price up to much hence the small buys. Its all part of the accumulation process.
Small chunks add up over time!!
ARL chart, page-1623
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $87.86M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 44.0¢ | $49.91K | 109.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18106 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 2775 | 2 |
View Market Depth
| Last trade - 15.59pm 02/09/2024 (20 minute delay) ? |
| ARL (ASX) Chart |