Well orchestrated accumulation.
Giving themselves a week or two before next announcements to accumulate a large parcel.
But, must reach a point where they know they are pushing the price-up against themselves - so today was a breather day.
However, I think there is more than one organisation accumulating so its not a coordinated effort and the price didn't pullback enough.
Hence "weird" behavior.
At least, that's what i think is going on.
Good thing I am just sitting pat and not trying to trade this stock - and that's why I think the price lifts so easily under the slightest buy pressure. Just not enough sellers to keep things level.
I am not thinking this is buying based on leaking information - I think its just some big buyers trying to take large positions before the next news is released.
Question is - will they hold beyond the next news cycle is take a big dump at +100% ?
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Last
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $52.41M |
Open | High | Low | Value | Volume |
47.0¢ | 47.0¢ | 46.5¢ | $14.65K | 31.21K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14209 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 69513 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14209 | 0.470 |
2 | 43000 | 0.465 |
2 | 43203 | 0.460 |
4 | 37593 | 0.455 |
8 | 66806 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 69513 | 2 |
0.500 | 7362 | 1 |
0.505 | 28000 | 3 |
0.510 | 20000 | 2 |
0.515 | 25898 | 2 |
Last trade - 13.43pm 14/10/2024 (20 minute delay) ? |
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