I think yellowfin is flagging there’s only $8.2k of sell orders until $0.29.
So the theory goes the true value is $0.29 and everyone selling below that price could be wiped out with a single buy order.
The buy/sell orders are still balanced but when we had the previous burst there was a big disconnect of only 500k sell orders to 2.8m buy orders or something. Would need a technical trader to explain in more detail (I’m a value trader so don’t pay too much attention to the day to day buy/sell spread).
ASX: ART ( AIRTASKER ); Operational restructure and path to sustained profitability, page-13
Add ART (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $108.5M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 24.0¢ | $1.248K | 5.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 80142 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 5364 | 2 |
View Market Depth
| Last trade - 09.59am 22/05/2024 (20 minute delay) ? |
|
|||||
|
Last
24.5¢ |
Change
0.000 ( 2.08 %) |
||||
| Open | High | Low | Volume | ||
| 24.0¢ | 24.5¢ | 24.0¢ | 9738 | ||
| Last updated 13.06pm 22/05/2024 ? | |||||
| ART (ASX) Chart |