While the MM’s are providing liquidity, algo’s activity has increased. So what we learn from that is that Insto’s are either accumulating or distributing. Or both.
IMO, CU6 is quite a tightly held stock with quite a low buy / sell book therefore if someone wants to sell down a position they would wipe a huge amount of lines dropping the price greatly. So the bots will be set in a tight range and go to work over a certain time period. The same goes if they want to buy into a solid position.
Yeah it’s frustrating to see trades going through in single figures, that’s the smartass Insto on the trading desk really taking the pi..
This link explains it better than I ever will.
https://www.investopedia.com/articles/active-trading/101014/basics-algorithmic-trading-concepts-and-examples.asp
Cheers.
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Last
$5.17 |
Change
-0.210(3.90%) |
Mkt cap ! $1.610B | |||
| Open | High | Low | Value | Volume |
| $5.35 | $5.39 | $5.05 | $8.040M | 1.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2951 | $5.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.18 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$5.15 |
Change
-0.210 ( 4.11 %) |
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| Open | High | Low | Volume | ||
| $5.34 | $5.36 | $5.06 | 163484 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| CU6 (ASX) Chart |