OK slightly more seriously, This mornings action is exactly the same as I've seen for months. Price opens, quickly goes up to grab a group of 'sells' sitting up at whatever level, takes them then drops back quickly if there are not a lot of 'buys' underneath, waiting for more sells from whoever to turn up above the market.
Rinse and repeat, day after day, week after week. Someone's accumulating shares slowly but methodically, otherwise the SP wouldn't just happen to go up to where there are a few thousands for sale, complete the sales and fall back down with the bot trading to itself.
Will I be surprised if the price goes back down to below the opening? No!, because it looks like just bots between here and $15.
OK slightly more seriously, This mornings action is exactly the...
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Last
$13.68 |
Change
-0.310(2.22%) |
Mkt cap ! $887.3M | |||
| Open | High | Low | Value | Volume |
| $13.97 | $13.97 | $13.52 | $2.072M | 151.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 155 | $13.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.71 | 827 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |