If you take a peek half of the buy side is at under 12c. Have you noticed how the buy side number remains fairly static even after 3 million shares have changed hands? So lots of props in there to keep it looking active, but not so much to make the sellers overconfident.
The big buys and line wipes are being done off market.
Watch the sell side numbers and how it is recharged after any big buy. When volume was lower a bot would come in straight away to keep the price where it was needed. Low volume meant the cost was low to accumulate in the selected sweet zone.
Now with volume on the rise, the last hour is where they start. And pressure in increased in the last 30min of open market to set the tone. The final 3 min of the after market auction is the where the final shuffle happens.
Someone is still hungry, and although the tree is not being shaken as hard as it was before, its still getting a good nudge. Accumulation is still ongoing. This is a very bullish sign I would think.
ANP Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
