They may have bought it up to test the market, to try and create or see if there was any demand? None was found and it fell away.
it’s not manipulation to test the market, it’s smart.
as this falls lower, more will potentially exit.
Remember shorters aren’t bad they just see weakness, they think the price is headed lower, from their research. You think it’s headed higher from your research.
it becomes a tug of war and someone will lose.
this can simply be because one side has more money to push it one way.
it is what it is, it isn’t wrong.
Manipulation, page-15
Add SPL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.44M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 10.5¢ | $132.0K | 1.162M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 535926 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
12.0¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 11.0¢ | 12.5¢ | 10.5¢ | 991112 | ||
| Last updated 15.53pm 03/05/2024 ? | |||||
| SPL (ASX) Chart |