As you said there could be a number of reasons, but
- maybe more are being bought on the way up than it takes to push it down. selling into weakness? there is not a lot of shares on issue so IMO the trading is thin, except when the bots start buying and selling to themselves. testing stops, shaking the tree.
- End of financial year profit taking?
- Some traders are only looking at the charts and never fundamentals (noise) they trade a set of rules along with volume+Price+trend+risk+money management.
- index and peer pressure? LNTH? do an overlay. Very interesting as of the last few weeks.
All the above are just wild guesses while we wait...............just under two weeks to go. Bring on the QTRly
As you said there could be a number of reasons, but maybe more...
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 (20min delay)
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Last
$19.81 |
Change
0.000(0.00%) |
Mkt cap ! $6.635B | |||
| Open | High | Low | Value | Volume |
| $19.61 | $19.88 | $19.54 | $5.135M | 259.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311 | $19.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.81 | 312 | 8 |
View Market Depth
| Last trade - 10.52am 30/07/2024 (20 minute delay) ? |
| TLX (ASX) Chart |