Interesting analysis ecneitap.
I have been watching closely as well, and although your endgame scenario may be justified, I have seen the action somewhat differently.
The early buying was solid and sustained and difficult to sell into viz buying back. It looked to me like a broker finessing accumulation. Backing off occasionally, allowing the sell side to build then gently lifting the offer. Occasionally giving a bit back, and possibly manipulating the close, supported by day traders exiting.
The 'spastic' scenarios like today are when the day traders pile in, and start slapping it about like a pack of demented..well 'day traders'.
The stock has consistently finished higher each day for a couple of weeks now.
I have absolutely no idea why anyone would want to accumulate, and have no faith whatsoever in the Directors or company in general.
I'm not generally a chart believer, but a 10 day minute chart paints a picture of textbook strength thus far.
Again I am more than wary of any play here, but from a trading perspective, thats how it looks to me.
Who Knows, maybe accumulation for the mother of all dumps?
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $10.51M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.4K | 350K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1498380 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1005164 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1498380 | 0.004 |
5 | 2915250 | 0.003 |
5 | 4004798 | 0.002 |
2 | 3350000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1005164 | 2 |
0.006 | 225889 | 1 |
0.007 | 999001 | 3 |
0.008 | 2775800 | 3 |
0.009 | 156360 | 1 |
Last trade - 15.52pm 17/06/2025 (20 minute delay) ? |
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