ASX operating rules require brokers to meet a $500 minimum for new holdings or less if permitted by the issuer ( etfs generally allow $1 min new positions so 1 share is enough to get started).
If you already have a position in the stock or use a custodian who does, there is no limit to what you can trade. Hence the small trades being printed....
Lots of tax loss optimisation selling entices algos to follow the trend and exacerbate the selling pressure, only to set themselves up for the rebound.
wait and see or DYOR.
I'm happy to wait for a real catalyst later this year but ride the flow if you wish.
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $372.0M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $338.9K | 2.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 518233 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 336847 | 7 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| INR (ASX) Chart |