Kings you may be correct for some of the sellers but a review of the trades reveals a different story.
see http://stocknessmonster.com/
There were a lot of bot trades that makes me think that two factors are at play. One is the seller that has to sell and the other is fundie playing games.
My main concern is that the disclosed buying depth has faded to zip! Now your sellers cannot get out...mmm note my position has moved from buy to hold(reluctantly)
getting smashed, page-8
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 (20min delay)
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Last
$4.52 |
Change
-0.160(3.42%) |
Mkt cap ! $1.096B | |||
| Open | High | Low | Value | Volume |
| $4.80 | $4.80 | $4.50 | $1.474M | 319.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1480 | $4.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 59 | 1 |
View Market Depth
| Last trade - 15.59pm 04/10/2024 (20 minute delay) ? |
| SLX (ASX) Chart |