CHM 0.00% 1.0¢ chimeric therapeutics limited

They majority of the buyers are patiently waiting with orders...

  1. 4,436 Posts.
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    They majority of the buyers are patiently waiting with orders between 21.5c and 20c. Anytime the sell order side comes down to 22c with 100k plus shares it will be taken.The occasional big sell order that happens every few days is coming from off screen. Apart from this off screen action, volume is very low.

    So, it would seem 22c is seen as very good value from buyers, and when a good order size is available it will be taken. Low ball offers are left waiting for a dump.

    Sellers are holding tight, as can be seen by small sell order sizes. So we have found a position of market equilibrium in the 21c to 22.5c zone. All on low volume, apart from the occasional off screen dump to line wipe the highest buy order and throw a few shares into the line down.

    We dont need much of a spark to get this fire lit. But I think the above will prevail until something good drops. Am I right in thinking the we should hear about the second cohort in Apr? Is there anything before then?

    I am enjoying the days when I wake to find another low ball offer has been hit (6hr time zone, not lazy) My average price is heading in the right direction. Its impossible to call a bottom until we have a few days of green candles to confirm, but this must be pretty close.
 
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Last
1.0¢
Change
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Mkt cap ! $9.951M
Open High Low Value Volume
1.1¢ 1.1¢ 1.0¢ $30.25K 3.010M

Buyers (Bids)

No. Vol. Price($)
8 1600735 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 545477 5
View Market Depth
Last trade - 15.59pm 15/11/2024 (20 minute delay) ?
CHM (ASX) Chart
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