Thanks h00ts this pattern of algo trading is particularly evident in afternoon trading and the only thing that seems to cause a change in the price is when a human steps in for a big trade.
Then the algo resets at the new price level and caps movements again. With a bias to force prices down.
We retail investors have become reliant on good news to reset price trajectory. because it will not happen during the normal course of trading.
But my conviction with a2 is high and think there will be a material price reset upwards after AGM.
UBS will make good profit on its 5% position when this happens i think.
GLTA.
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Last
$5.25 |
Change
-0.070(1.32%) |
Mkt cap ! $3.801B |
Open | High | Low | Value | Volume |
$5.26 | $5.29 | $5.20 | $3.598M | 685.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 8300 | $5.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.25 | 13334 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 8279 | 5.240 |
15 | 10172 | 5.230 |
12 | 22311 | 5.220 |
8 | 28050 | 5.210 |
20 | 16326 | 5.200 |
Price($) | Vol. | No. |
---|---|---|
5.250 | 9133 | 9 |
5.260 | 23924 | 11 |
5.270 | 20069 | 11 |
5.280 | 22945 | 9 |
5.290 | 97926 | 8 |
Last trade - 11.32am 07/11/2024 (20 minute delay) ? |
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