HAW 0.00% 7.0¢ hawthorn resources limited

gaps, volume & resistance , page-33

  1. 5,893 Posts.
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    Maybe that one is.

    But the tactics over the last couple of days has been to build up the buy side, and then quickly pull the orders.

    Traders probably see this as props being pulled and they dump some stock into what's left of the buy side.

    At the same time there's been some line wiping going on as well, so perhaps this combination of big buys and pulling big bids is what's keeping HAW in a trading range that is attractive for the accumulator.
 
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