It's not necessarily investors bailing. They could have been smart and had risk mitigation in as a stop loss. The algos/market makers sweep these those to liquidate all of these stop losses and pick up the shares.
Like us we have a solid floor in at $7 looking at the chart. It would not be foolish to put in a stop loss just below the $7 mark as there may be a final sweep low before the approval comes out, as was seen on reta.
Remember no1 rule is protect capital.
FDA, page-5
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Last
$13.13 |
Change
0.020(0.15%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $13.20 | $13.44 | $13.07 | $5.021M | 378.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11501 | $13.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.18 | 1539 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |