Individual.
The sell side of the ledger is normal. A lot of traders would have wanted the sp to break through 23 cents (resistance line) yesterday from a chart point of view. They are not interested in the fundamentals of the stock but in the trending sp. Quite a few of these traders would be wanting to bail out. There is no market manipulation as previously speculated.
ITE will be going through a consolidation phase until there is more news regarding contract wins and/or merger consolidation. More news I would expect would be in the half yearly report.
Do you know when that is due ?
ITE
i.t.& e limited
how do time frames work with cfds, page-4
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