Hey guys, markets expecting news on Fab transfer any day or week, looking at the massive buys going through this past month I am thinking the market is banking on large commercial agreements to flow next year as soon as the transfer is announced to first Fab so should trigger serious interest.
Last week alone we saw 3-4 $200k buys go through as well as many $50-$100k buys, previous to that we have seen many similar orders roll through, it doesn't take long for anything substantial put up to be bought quickly, this is accumulation big time in my opinion as we see the small orders rotating through the bots until a sell is put up and gets hit almost immediately.
This week will be interesting for sure so keep an eye on any spike in SP due to lack of volume/sellers, it could pop very abruptly as the supply is cleaned out.
The action doesn't lie and we have seen some extremely bullish play since the BOD decided to start making some serious noise they are ready to launch an attack on the industry.
Merry Xmas Weebiters and looking at a magnificent 2021
SPP WAS LIKELY/POSSIBLY ONE OF THE MOST OVER SUBSCRIBED IN THE HISTORY OF THE ASX
Massive buys/accumulation
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Last
$2.95 |
Change
-0.020(0.67%) |
Mkt cap ! $556.4M | |||
| Open | High | Low | Value | Volume |
| $2.97 | $2.99 | $2.91 | $1.470M | 499.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3424 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 6077 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$2.96 |
Change
-0.020 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $2.95 | $2.99 | $2.91 | 71380 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| WBT (ASX) Chart |