BOT 1.19% 41.5¢ botanix pharmaceuticals ltd

Bot Chart, page-14476

  1. 613 Posts.
    lightbulb Created with Sketch. 80
    https://hotcopper.com.au/data/attachments/6436/6436033-991f360c2264833c2069e633cac264e0.jpg

    You can usually tell by this. Not many retail, if at all, have any reason to make these sort of sells. Most of us have to pay a minimum of $5 per trade. You may have noticed it this morning. Huge wall of 1 million shares pops up to cap the stock from going past 0.420 - with the new retail holders coming on board, they see this and they may sell out of fear. This drives the price down to the insto buy zone (39 - 40.5) where they have 100,000 shares ready to be filled.

    Despite it being a HUGE red day yesterday, the sell orders were almost clear all the way to 50 cents.. why is that? Today, these sells appear out of nowhere on a green day.. its like it is a co-ordinated effort to cap and accumulate.

    So the price gets driven down, and then youll see huge line wipes as insto and/or huge retail investors mop up below market shares.

    They understand the psychology of everyday investors.



    Last edited by CloseTheMarkets: Today, 13:44
 
watchlist Created with Sketch. Add BOT (ASX) to my watchlist
(20min delay)
Last
41.5¢
Change
-0.005(1.19%)
Mkt cap ! $751.1M
Open High Low Value Volume
41.5¢ 42.5¢ 40.0¢ $2.133M 5.181M

Buyers (Bids)

No. Vol. Price($)
2 51664 40.5¢
 

Sellers (Offers)

Price($) Vol. No.
41.5¢ 341870 4
View Market Depth
Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
BOT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.