The other thing that gives me confidence at the moment is the lack of CXA orders. When you see large volumes being ordered / offered in the CXA, this makes me question how valid the move (up / down) really is. As you can frequently see in many stocks people trying to manipulate the price by putting in offers they have no real intentions of buying / selling.
When a large percentage of the order are in the CXA I don't tend to jump on the band wagon (buying or selling) because often the CXA is the first to move, and it can be a fake buying / selling signal. They might do some big buys or sells just to try and getting the price up / down.
You also have a bot in there trying to push down the price today. All those piddly orders for a few cents or dollars are not a real person. But if people are not on the ball they will see the price and think there is a downward trend when there really isn't one. It is just a stupid bot.
ARD Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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