Generally speaking - To get through each pip takes a multiple of the screen-offer volume. If it is too thin, it retraces quickly. But your observation is correct - it looks much thinner (on the offer side) that we are used to. IMO this could easily run to 6.4/6.5, but I have a feeling that some punters are "stuck" at those levels and will sell into it when it happens. Nothing travels in a straight line (generally speaking).
Kit.
Cuba Block 9: Operations Update 31 May 2024, page-161
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Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $87.62M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.8¢ | 2.6¢ | $208.3K | 7.823M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 645011 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 1907832 | 5 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |