CCD 0.00% $1.73 caledon resources plc

depth

  1. 369 Posts.
    lightbulb Created with Sketch. 1
    Looking at the buy sell depth of this it doesn't look good. 8 buyers to 25 sellers. Looking a little closer though it doesn't look as bad, othere are only 10 sellers to 1.16. So 15 sellers aren't selling to over 1.16.
    Now my guess is someone is holding the price down by stacking the sell side with sells that are nowhere near the price at the moment and won't be hit anytime soon, I beleive if the price does go up and get close to these sells they will either lift the sell higher or won't sell.
    I can't think of any other reason people would put a sell order in at such a high price for any other reason. It's either to hold the price down by making the depth look bad, or they are the most stupid people ever known to walk this earth.
    Anyone agree or disagree? I'm interested to hear ur replies.
 
watchlist Created with Sketch. Add CCD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.