Why would an algorithm place fake bids if not to entice buying/push price up.I have noticed the capping/accumulation, the algo puts fake sells.
I'm just trying to understand what's going on, if you can elaborate. (maybe pushing the price up a few c is enticing people to make a quick buck and sell?? Otherwise. I'm.not sure the logic of this algo)
Why would an algorithm place fake bids if not to entice...
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Last
9.3¢ |
Change
-0.001(1.06%) |
Mkt cap ! $236.3M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.6¢ | 9.1¢ | $279.9K | 3.017M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100799 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 174075 | 2 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| RNU (ASX) Chart |