Why does everyone imagine that you can push down a price by selling to secure a larger quantity of stock?
You can if you can initiate a capitulation in a down trend, as happened with gold, but NDO falling .03 of a cent on a $200k value is more likely a trapped holder exiting their position.
This is the congestion or technical resistance that Len referred to.
I was mistaken in my prior post. We have an intention to place a bet in he drilling casino, but they have not really placed he bet yet.
We still have the headwind of dud management.
It is fully understandable that some holders will jump as the price rises. There is no guarantee that the direction is north.
follow up volume, page-29
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Last
85.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 85.0¢ | $21.11K | 24.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 10.06am 09/08/2024 (20 minute delay) ? |
| NDO (ASX) Chart |