DEG 1.36% $1.23 de grey mining limited

Morning all.Looks to me like the chart is tightening.Must be...

  1. 4,156 Posts.
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    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.

    https://hotcopper.com.au/data/attachments/2075/2075901-a8109a1cd3f4c074c8fd4282ba6e5e80.jpg
    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
$1.23
Change
-0.017(1.36%)
Mkt cap ! $2.277B
Open High Low Value Volume
$1.17 $1.27 $1.15 $24.38M 19.87M

Buyers (Bids)

No. Vol. Price($)
5 23550 $1.22
 

Sellers (Offers)

Price($) Vol. No.
$1.24 313766 5
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
$1.23
  Change
-0.017 ( 1.32 %)
Open High Low Volume
$1.31 $1.31 $1.16 3556027
Last updated 15.59pm 10/05/2024 ?
DEG (ASX) Chart
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