I am a huge fan of technical analysis, but it goes out the window when the market is manipulated. The chart in no way reflects the market or shareholder sentiment of the stock. Support/resistance, MA all become meaningless when you can create an artificial price for your own purpose, especially when it can be done for peanuts …. Which is why they do it…. Sergeant Schultz is either completely inept or corrupt (there is no other explanation) and so instos can coerce retail investors into selling their shares for a pittance. What we need is a seriously pissed off individual who has actually lost money (sold their shares just before they bounce to $4+) to sue ASIC for not doing their job by enforcing the law. As far as I can tell this has never happened.
ICAC might be a good place to start..
I am a huge fan of technical analysis, but it goes out the...
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Last
$1.29 |
Change
0.080(6.61%) |
Mkt cap ! $332.4M | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.32 | $1.23 | $1.790M | 1.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11867 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 35188 | 7 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |