Mate i've spoken enough about this. Buy/sell being irrelevant isn't a theory. I'll make 1 last point. If I wanted to buy 10million shares. Would I put a 10mill bid at 18c right now? F no unless you have no brain. Hence it's irrelevant! A big buyer will buy gradually while making the buy/sell look weak, same thing on the other side of the coin, a big seller will sell gradually making the buy side look strong with a prop bid lower down.. supply and demand of course has relevance but it does not have a direct relation to buy and sell depth.
The price is "stuck" in this trading range because this is where long term resistance is and because the market is valuing the company at $50m right now until it further monetises future distribution agreements. SIMPLE. Nothing to do with buy/sell. Won't be responding again in relation to buy/sell fml.
HCT CHART upward indication, page-653
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.394M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 516434 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 412891 | 3 |
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| Last trade - 16.12pm 04/07/2024 (20 minute delay) ? |
| HCT (ASX) Chart |
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