I won't post a chart but just my thinking. The share price had been controlled for at least a couple of years now. If you don't believe me, check how many single digit share sales occur. Check how in the end of day auction, price is set by only a single share sometimes. Who can afford that. Only an institution that does not pay transaction costs or someone with deep pockets. Take Thursdays price action. My belief is that is an engineered break out. The logic is it looks like breaking out, retail jumps on board, and then it fails. It then takes the low of where all this retail sets it's stop loss ie 15 or 16 cents. Price then leaps higher once the engineer of this movement has the holding they require. A Judas swing.
Just my opinion on what I see unfolding, definitely not advice what it is.
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I won't post a chart but just my thinking. The share price had...
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Last
18.0¢ |
Change
-0.015(7.69%) |
Mkt cap ! $353.2M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 17.8¢ | $2.552M | 13.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 753863 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 423608 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 753863 | 0.180 |
55 | 1922318 | 0.175 |
83 | 2084945 | 0.170 |
49 | 1226154 | 0.165 |
73 | 1321265 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 423608 | 5 |
0.190 | 445356 | 6 |
0.195 | 487498 | 4 |
0.200 | 568700 | 12 |
0.205 | 707978 | 11 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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