I'd say more of a tree shake. Very easy to trigger stop losses during a rerate, punters think they're reducing risk by having a trailing stop during a rapid price rise but in reality it makes them an easy target for large buyers in need of liquidity. One sell can trigger a chain reaction of stop losses, which is probably why the move this morning was so quick. Just wait for the buyers to return to gobble everything up now and send this to a dollar
DRO - Chart and TA., page-566
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 (20min delay)
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Last
$1.56 |
Change
0.020(1.30%) |
Mkt cap ! $1.189B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.61 | $1.54 | $12.78M | 8.158M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 32527 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 11284 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| DRO (ASX) Chart |