In my previous post I mentioned that at the first time last Friday a relatively strong support area between 32.5-33c was broken. Based on a trader tactics it was a signal to sell but being by the nature a trader this signal was not taken by my consideration for a relatively large holding (4 parcels of shares) as I invested in this stock.
With today's stock price action a relatively big volume was traded just for 2 hours of trading and the SP has reversed what is called by a false break for the corresponding chart behaviour. Usually this happens when big shareholder on some reason manipulate the stock price initiating stop losses execution and picking up shares at a cheaper price.
So in the current circumstances taking significant fundamentals in the company there are only 2 scenarios:
- whether there is a selling by a big holder on some reasons (unknown to the market) or
- a big holder is deliberately playing a game what is more realistic taking the fundamentals of the company.
irynka
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Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $12.18M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $4.94K | 120.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7500 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 138576 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.040 |
4 | 497871 | 0.039 |
1 | 60000 | 0.037 |
2 | 123111 | 0.036 |
3 | 381414 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 138576 | 3 |
0.044 | 112000 | 1 |
0.045 | 38400 | 2 |
0.046 | 181600 | 2 |
0.047 | 124900 | 2 |
Last trade - 11.21am 11/10/2024 (20 minute delay) ? |
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