The price action in technology stocks with 10-20% Falls and gains has all the hallmarks of a distribution top and the big players having distributed some stock to bag holders run up the futures sparking a short covering rally and then on market open this becomes a self fullfilling prophecy so that they can distribute stock at higher prices.
As the above post they will manipulate thr futures to achieve the same result again and my second count has further gains for the Nasdaq.
It is an extremely negative sign for Zip that it did not participate in the rally but there will be opportunities in the next few sessions for bag holders to get rid of stock
The price action in technology stocks with 10-20% Falls and...
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |