Morning all.
Looks to me like the chart is tightening.
Must be getting harder to accumulate?
Lets see if the price can clearly pierce the top line.
For those that are not sure what can be achieved by bot or manipulated buy and sell.
Look at the sell side. Multiples of orders just over 10,000 eg 10,440
Now look at the buy side. Multiples of 10,000
They are a few c apart. Same buyer, same seller.
Imagine that I am trying to buy at 22c or lower and sell at 25c.
I put all those orders in, (all those that you are looking at around 10,000).
What is my cost if I can drive it down to 22c?
The number over 10,000 is all it is costing me to keep loading it, eg:440 shares or 440 x 23.5c = $103.4 + brokerage.
When it gets back down to 22c, I buy 2.25m just like a few days ago.
Once I have my fill, I can hold or dump at 25c or above, maybe put 1,100,000 at 24.5c and another 1,150,000 at 25c
2.25m shares at 3c each time = $67,500
How often does this sp fluctuate between 22c and 25c?
Rinse and repeat.
I can also stack multiple sell orders of 100,000 above my targeted area to make it look like there are a lot of sellers to fool the dummies and keep the price in the bracket I am making profit.
Just look at the price behaviour and test that theory for yourselves.
Kind regards, Wack.
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Last
$1.34 |
Change
0.015(1.13%) |
Mkt cap ! $3.211B |
Open | High | Low | Value | Volume |
$1.35 | $1.36 | $1.34 | $10.01M | 7.455M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 40556 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.35 | 31941 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 40556 | 1.335 |
3 | 122274 | 1.330 |
4 | 139431 | 1.325 |
3 | 59473 | 1.320 |
1 | 9073 | 1.315 |
Price($) | Vol. | No. |
---|---|---|
1.345 | 31941 | 2 |
1.350 | 359919 | 11 |
1.355 | 91354 | 5 |
1.360 | 230788 | 8 |
1.365 | 24570 | 4 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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DEG (ASX) Chart |