I dont want to jinx it but it seems like the seller has finally run out of ammo. Price action changed today, usually any bid was met with a dump of selling.
Today however when someone sold small amount (1942 @ 3.2c = $62 worth on chi-x) someone came and bid 500k units at 3.3 directly after that, and he was not sold into immediately as was happening these past 2 weeks. The pattern has changed, hoping thats the last of him.
With no selling the volume has dropped off significantly, only $3595 worth of stock traded today. Now we just need to give buyers a reason to buy, thats where the company needs to do its part and come in with some update announcements.
ECS Price Action, page-33
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.90M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $2.597K | 152.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 401331 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 2457530 | 7 |
View Market Depth
| Last trade - 11.29am 25/06/2024 (20 minute delay) ? |
| ECS (ASX) Chart |