Don't think you can read that much into it.
The rise yesterday was very quick and unexpected so not unusual for the upline to be a bit sparse (5.5-6.5) as holders not aware of the action on the day would not have stacked.
Many holders don't check prices during the day but do so in the evening when they finish work. On seeing the action those wanting out then dump on opening next day. The reason the 5.5 - 6.5 upline is stacked now is because it is now the near upline rather than the distant upline that it was yesterday.
Just my opinion for what it is worth.
Chart, page-51
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $59.78M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $6.438K | 58.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 63483 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 87881 | 4 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| PSC (ASX) Chart |