I think this is normal in most stock when they reach a plateau and the market really is waiting for news or direction. Reason being the day traders come in and can make good profits buying and selling in predictable patterns. The risk of course is you can get burnt if good news comes out in between the trades. This technique can work irrespective of the price level as long as the stock is trading in sideways band of about 10% up and down. FYI - not for me as it's a risky play and is certainly very frustrating to watch!
I think this is normal in most stock when they reach a plateau...
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 374502 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3715512 | 56 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |