As we can see lately there has been some half decent buys on down market days.
My opinion, the buyer(s) are using the volatile market at the moment to accumulate.
There is a lot of fear in the global market at the moment and there are many who are wondering if they should sell there holdings in fear of a global collapse.
There are not a lot of "true" trades going on at the moment, but when the DOW has a bad day those that are fearing what may happen to the world markets are placing sell orders on their ADO shares giving the person(s) a chance to buy those shares.
Yesterday is a good example of buying early, swallowing up those shares and the general market after that (with a bit of help from manipulation) bring the price back down.
When the DOW is having a positive day those that are fearful of what may happen are happy to watch on the sideline and haven't their shares for sale. The buyer(s) churn away making it look as though there is still some volume being traded where in fact there is not. This causes frustration again for those fearful sellers as they are expecting a good day but the price remains the same or slightly lower on days end. Because of this increased frustration, on the next major DOW down day they place a sell order on their shares for them to be snapped up again.
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $54.31M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $4.98K | 235.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 198909 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 154312 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 198909 | 0.021 |
9 | 809442 | 0.020 |
8 | 1197237 | 0.019 |
14 | 2576253 | 0.018 |
7 | 1012891 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 154312 | 3 |
0.023 | 396605 | 2 |
0.024 | 284809 | 4 |
0.025 | 513246 | 5 |
0.027 | 147000 | 2 |
Last trade - 10.39am 28/08/2024 (20 minute delay) ? |
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