It was a perfectly orchestrated and controlled move this morning @Nahm there was about three or so smallish sells that initiated a snowball effect of stop losses at the 39 area which were setup by buyers of this channel trade in the past week.
This is not uncommon before news and change of SP direction etc....
My favorite times to pick up more is in this scenario where a high volume down bar occurs and picks up intra day to close on days high.
The fact is the news flow will start any day now and accelerate i can only the imagine the amount of people that will wait for this and pay way more then this luckily for them it will still be cheap in such a scenario.
Cheers
Bonkers
It was a perfectly orchestrated and controlled move this morning...
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $54.83M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.3¢ | $33.62K | 629.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3755572 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 120107 | 3 |
View Market Depth
| Last trade - 14.27pm 08/11/2024 (20 minute delay) ? |
| NTI (ASX) Chart |