Accumulation at 1.2 and trying to eek out as much supply at that level or lower as possible.
Knock it down to 1.1 on the close. People get home, check the price and see it's gone down 8% for the day (when the VWAP was 1.2 for the day), which may spread a bit of fear that there is something wrong with the stock which leads to loose hands joining the 1.2 sell line today which the accumulator/s will pick off throughout the day.
Eventually the supply will run out and then the accumulator/s will repeat at 1.3 if they haven't got their fill. Hopefully their target sell price is far north of current SP.
All just my opinion.
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $59.09M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $1.719K | 85.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2222567 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 440726 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |