Institutional involvement is also evident in the substantial volume as well as the significant size of trades last Wednesday.
In fact, at around 3.55PM, close to the close of trade, one punter put in a $100K bid at $1 for DRO.
Now, this is only my opinion, but I very much doubt that this bid was from a retail trader, day trader or short trader.
If you look closely at the trades from Wednesday, you will see that many are over $20K which is also indicative of institutional involvement.
Broker data would confirm my suspicion.
DRO - Chart and TA., page-710
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 (20min delay)
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Last
$1.08 |
Change
-0.005(0.46%) |
Mkt cap ! $782.0M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.09 | $1.02 | $8.609M | 8.087M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34980 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 127051 | 6 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$1.07 |
Change
-0.005 ( 1.26 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.09 | $1.03 | 2898257 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| DRO (ASX) Chart |