Disappointing day, 58 trades and t/o of 10.59mill shares. Question is was it a panic to get out, 58 trades wouldn't suggest this. Hedging bets just in case the next report isn't up to expectations, take a little profit before the announcement? Probably.
Doubt that the ship isn't tight. Price doesn't normally swing greatly prior to announcements. Looking back over 2 years sensitive announcements seem random to price, however this is just from a cursory observation not a statistically determined analysis. At best, for what it is worth, it seems even money that price rises or falls following a sensitive announcement, price does appear to rise slightly before a sensitive announcement Eg., 11/9/18 and 24/10/18 on Youanmi peg release, 31/1/19 release of Qtrly, 18/2/19 on Hydroxide process [Maxi found this out first by researching patent docs, well done Maxi], and lastly 22/5/19 the DLI approval. But a similar argument can be made for price to ease back on an announcement, or remain little changed.
Given that it seems too random to find a pattern.
Therefore, I must conclude the ship is tight and today was just on of those days that makes it all a mystery. Although if I was a TA of candlestick patterns then today was "Bearish Engulfing" however that requires confirmation by a negative break below that candlestick. Then on the other hand, on the 16th & 17th Jly there were two bullish formations -bullish harami and bullish homing pigeon-, a little bit schizophrenic from my viewpoint.
All I can glean from this is that there is a base-line support being developed at 2.4 to 2.5 cents and resistance at 2.8 cents [which is only to state the obvious], therefore, time will tell which is going to win out in the next few days or so.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $29.70K | 15.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
125 | 273223390 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 32741268 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
114 | 256023389 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 3420269 | 4 |
0.003 | 42576952 | 55 |
0.004 | 28824634 | 38 |
0.005 | 12959877 | 10 |
0.006 | 8537559 | 12 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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