Looking at those figures, its mostly retail (comsec).
@hedrox i reckon its traders taking a small high volume scalp off the potential breakout - pure pattern trading.
It's a fairly common strategy, and usually leads to a false breakout, where lots of people see the quick pop up above resistance and think that it wont hold so they dump into it knowing they'll either be able to buy back in as it settles below the resistance line again or else just jump back in a couple of points higher knowing that its a confirmed breakout and it will run higher.
I wouldnt read much into it.
This is a good story imo
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.94M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49999 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 60000 | 1 |
View Market Depth
| Last trade - 16.21pm 26/06/2025 (20 minute delay) ? |
| CDX (ASX) Chart |
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