I have been watching the course of sales for some time and I am seeing a lot of CX CX condition trades. These are Centrepoint to Centrepoint trades.
CX is a trade that has occurred in ASX CentrePoint at the current midpoint price. The midpoint price is determined by ASX to be the midpoint between the current ASX bid/offer spread
These midpoint trades I feel are adding to the downward pressure on the share price since they always go through at 0.25c belowthe last trade.
No idea who is conducting these trades as Centrepoint is a source of dark liquidity.
I still feel the price is being manipulated for the purposes of accumulation. An issue with this theory is that I was hoping that a substantial holder would appear eventually as a result. Although I guess it would be fairly easy to hide an accumulation of stock across many custodian accounts