G'day,
As a chartist and long term technical trader, the INL chart over recent times has been extremely unusual.
Since peaking at $0.31, the chart action has gone from being a highly predicatable fib pattern, to a (in my opinion) highly manipulated one.
If the market did not like the company news, why did it got throught a tidy consolidation pattern in the mid 20's and then make a new high at $0.31?
Why, has it then been slowly grinded down in a effort to make it look weak at the end of each day to below the point of the previous consolidation?
I, for one, feel that the manipulators have done a sterling job, probably selling 4 mill shares some days and buying back 6 million at a lower average price than if they left the market to its own devices.
From my experience, they can't do this forever and soon or latter run out of willing sellers.
I think tommorow will be one consolidation.
I see good bounce next week.
All the best
- Forums
- ASX - By Stock
- SDV
- highly unusual
highly unusual
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDV (ASX) to my watchlist
(20min delay)
|
|||||
Last
54.5¢ |
Change
0.045(9.00%) |
Mkt cap ! $103.4M |
Open | High | Low | Value | Volume |
50.0¢ | 55.5¢ | 49.8¢ | $235.2K | 448.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2282 | 54.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.0¢ | 5100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2282 | 0.545 |
1 | 3225 | 0.535 |
1 | 11425 | 0.530 |
2 | 17000 | 0.500 |
1 | 1920 | 0.495 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 5100 | 1 |
0.555 | 17620 | 1 |
0.560 | 25000 | 1 |
0.580 | 30000 | 1 |
0.590 | 39595 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
SDV (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online