As for what it represents on the daily chart?
-a cool 18.18% increase since close yesterday on not-too-shabby volume.
….and I have it on expert authority that ‘the close matters’.
And why?
Plenty of action going on behind the scenes right now according to AVL; Horizon thrilled with the Kunuurra pilot battery, and the lure of that WA state funding towards a Kalgoorlie Vanadium Flow Battery driving the investment thesis for Lumina, with FID on that project due early next FY (hopefully before the Diggers&Dealers on August 4)….
And the nowhere price action has been marked many, many times in recent months by this one share closing trade.
I like to call it ‘the single ram on the mountain top trade’ as - to me - it signifies complete control of the price at close by a market maker with .. er … complete control.
Anyway today the controller decided to open the gate just a little, and I think it would be very nice if, this time, he or she steering that ram/bot decided not to stop.
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