The other investor group better have enough money to soak up the supply… After seeing that cross trade go through, my assumption is that the seller agreed to the sell a big chunk of their holding for a certain price rather than on market because they would’ve driven the price down a lot. The buyer was happy because they wouldn’t have to push the price up to get such a large purchase. Hence, this is a bullish sign. However, if the buyer is now content and doesn’t need to purchase more shares in market it now pushes it back to overall market sentiment. Hopefully, we see this push back above 17c tomorrow as it will be an important price movement.
AL3 Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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