I think the s/p movement on Friday has been manipulated for accumulation, there should be some sellers want to get out due to nickel laterite (not sulphide) but it certainly won't cause that much volume, and it shouldn't attract traders to trade the stock on Friday the volume wasn't from traders, so how can they create such high volume? maybe by sell and buy between same/related entities, at the same time absorb the shares from panic sellers.
when we look at the lower timeframe chart we can see that when it reached 10c on Friday the volume shoot up, that shows they've achieved what they intended to do, so it shouldn't take too long before it get back to previous trading range next week.
MTM Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
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