Probably Bell released the break thinking they won't be able to hold it for too long. This week it moved from 2.1 to 2.4 with low volume. At 2.5 it showed little resistance. Those are probably traders that bought at the last peak and saw there investment going backwards. Psychologically they would feel selling pressure.
There may be also some believers selling at 2.5 to buy back at 2.2. Bell was playing accordingly so far but at some stage those that will be holding tightly until 450 GWh will be massively rewarded. IMO and I'll hold until that magic figure. Question is not 'if' we'll achieve 450 GWh, question is when?
Probably Bell released the break thinking they won't be able to...
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $21.62M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $49.51K | 412.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 403582 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 518024 | 4 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LPE (ASX) Chart |