That isn't merely selling down IMO. It is IMO very low quantities to test support. If ST traders they may let go out of fear of losing, if LT holders/traders it will hold firm.
Just more testing and shaking before any upward move.
Perspective...
Over 15,000,000 shares bought up strongly to 12c, very few have been sold at 11.5, negligible in fact.
But it will have the desired effect as people ignore this and fear takes hold. As predictable as the sun rising each day. Once they let go the buyer has more shares at a lower sp. Very clever use of market psychology IMO.
As I type the latest test a mere 260,000 shares in muliple small trades.
Watch irrational fear take over...(wink omitted)
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $334.6M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $150.1K | 1.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 86 | 10694282 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1176728 | 14 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |