This happens all the time (like way oversold RSI), people just get to worried to invest.
The psychological aspect of the market is fascinating. Like the weak depth currently to flush out people. Eventually the buy depth is wiped out, then they need more sellers to get more stock, so they line wipe the sells, push the price higher and people want to get out again. The range bound stage 1 set up
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 (20min delay)
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $227.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $246.2K | 2.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 665280 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 728889 | 4 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MI6 (ASX) Chart |