Hi Beale et al,
My intel is that the SP is being held down by one large insto (via a BoA account). Their announcement on Nov 1 about selling is still in force. I'm guessing here but they are likely to have been about 55-60% of all trades since so that implies about 30-34m left to sell. You can clearly see the 'in-size' trades and sell orders in the queue...all hallmarks of a bailing insto.
Patience.
Cheers
Hi Beale et al, My intel is that the SP is being held down by...
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $136.5M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.3¢ | $193.6K | 1.540M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13730 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 727520 | 7 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ALA (ASX) Chart |