Looking at the trades this is a engineered movement down. I would assume that Shorters are now moving to close out shorts as most of them will be in the money by around $2 a share minimum, i.e. 28M shorts * $2 = $56 profit.....
However there are rising jitters about China as a whole with the Chinese market taking a hammering. This would give many Chinese investors the jitters here as well, so who knows.
DH and JH, page-72
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Last
$6.80 |
Change
-0.010(0.15%) |
Mkt cap ! $4.890B | |||
| Open | High | Low | Value | Volume |
| $6.80 | $6.92 | $6.75 | $7.765M | 1.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 9721 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.81 | 20312 | 12 |
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| Last trade - 14.59pm 10/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |