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4.62%

31.0¢ brainchip holdings ltd

An example of this sort of trading in action recently was...

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uiux

6,267 Posts.

9114

02/03/21

20:25

Post #: 51464630
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Originally posted by uiux: ↑

People are looking for an explanation for that big transfer of 8 million shares

Here is my analysis:

1) an entity has been selling units to force the price down
2) an entity has been hoovering up the shares from this primary entity, along with loose shares. Accumulating.
3) when the entity that has been selling shares, gets low on shares, the entity accumulating transfers some back (large parcel)

- The fewer loose shares on the market, the more obvious this pattern becomes
- The more spooked retail holders are, the more loose shares are sold on the market to be accumulated

- The trading volumes over the past few weeks has been consistently low
- The activity on the forum to create a negative perception of the stock (to spook retail holders) has been incredibly high

I don't usually comment on the price or trading patterns but this one appears obvious to me

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An example of this sort of trading in action recently was analysed by @float^

https://hotcopper.com.au/posts/49767388/single

BRN Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 31.0¢		Change -0.015(4.62%)		Mkt cap ! $572.2M

Open	High	Low	Value	Volume
32.5¢	32.5¢	31.0¢	$1.956M	6.173M

Buyers (Bids)

No.	Vol.	Price($)
42	1149053	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
31.5¢	361133	6

View Market Depth

No.	Vol.	Price($)
42	1149053	0.310
27	922889	0.305
86	1235033	0.300
17	334918	0.295
26	298772	0.290

Price($)	Vol.	No.
0.315	361133	6
0.320	429223	9
0.325	346261	7
0.330	249507	10
0.335	231989	8

Last trade - 16.10pm 16/04/2024 (20 minute delay)


Last 31.0¢			Change -0.015 ( 5.26 %)
Open	High		Low	Volume
32.5¢	32.5¢		31.0¢	4493079
Last updated 15.59pm 16/04/2024 ?

BRN (ASX) Chart