Chi-x is used mainly by the experienced traders and brokers whom trade plenty of volume and save a tonne of money on brokerage. Chi-x has the ability to pick up all the incremental pips too which normal Nabtrade/CommSec users cannot.
Keeping an eye on both ratios gives us an indication what the pros are doing. If the pros are taking the majority of the daily volume what does that mean to you?
so looking at the stats retailers are holding tight
Brokers are sweeping up the left overs.
If the pros are willing to pay 1.9c-2c then that is the current value in their eyes. An attempt to hold the sp down was made but trying to keep it below 1.8c proved impossible so far so they are content with current sp and will keep accumulating until it booms.
GMC is at the point right now the slightest large volume order will ignite it and pros dont want this to happen just yet to accumulate .
GMC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
