Algos (computer programmes) target price levels ( buy ins) and stop loss targets.
This is an automated way of shaking the tree.FML target of .17 is a historical target. Almost guaranteed it was an algo,target.
Once hit. Alog stops selling. If buying support doesn't kick in, or if another algo has a lower price target. It will be retested and go lower.
Expect a retest. But if algo offline. Price accumalation will occuur up to previous support (new resistance) level.
It's largely a computer game with your money at stake.
You lose most of the time though- because you are way more attached to your money than the computer is to data.
Algos (computer programmes) target price levels ( buy ins) and...
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Last
14.0¢ |
Change
-0.015(9.68%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $4.409K | 30.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1700 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 6000 | 1 |
View Market Depth
| Last trade - 15.44pm 05/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |