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% ?
- Forums
- ASX - By Stock
- Chart Thread
Well orchestrated accumulation.Giving themselves a week or two...
-
-
- There are more pages in this discussion • 797 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IIQ (ASX) to my watchlist
|
|||||
Last
56.5¢ |
Change
-0.020(3.42%) |
Mkt cap ! $62.30M |
Open | High | Low | Value | Volume |
57.5¢ | 57.5¢ | 56.5¢ | $21.90K | 38.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4193 | 56.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
57.5¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4193 | 0.565 |
4 | 15565 | 0.560 |
5 | 30799 | 0.555 |
3 | 53619 | 0.550 |
1 | 8000 | 0.545 |
Price($) | Vol. | No. |
---|---|---|
0.575 | 2000 | 1 |
0.580 | 19150 | 1 |
0.590 | 290 | 1 |
0.600 | 19950 | 6 |
0.610 | 113420 | 3 |
Last trade - 15.33pm 11/07/2024 (20 minute delay) ? |
Featured News
IIQ (ASX) Chart |