Chart Breakaway gap today :), page-134

There it is, line swipe of 43.0c of 100k
15 bidders of 263k moved onto 43.0c bids in a matter of seconds
Some INSTO is line swiping all the low hanging fruit.
43.5 mini fence looks like it may go also
Now they have deployed the CEXT at 43.25c as usual to get the split bid volume, very predictable and same pattern for the last few months, morning line swipes followed by CEXT lunchtime then arvo fade away back to base. They have been happy to buy 1c-3c above the closing price for some time now but sooner or later they wont fade it away but go the other way closing way higher.

Average volume of 5M daily will take this low volume offerees easily so lets see if they do the shooting star ive been calling or sit and wait for the traders to take their pathetic 5% margin again.

IF they want the gapup rerate they will have to swipe this range and smash all resistance around 43-47c with a 10M volume spree, which I am expecting them to do as there is no point buying 120M shares at 40c-47.5c last 5 weeks if you are going to stay at the same spot of 42c-44c, but if the share price goes to 52c-69c then it was well worth that accumulation.

The strategy of our accumulating INSTOs looks pretty clear to me.