Seen very similar thing with CFU and EPG. Unfotunately, unless there is some great announcement, these trading patterns normally result in illiquid stocks falling in price.
From what I can tell, the small trades are like bait. Trying to judge offscreen demand. They dangle them out...if no one buys, the existing cap is lowered and a new low sell order is put in place. The process is repeated many times over weeks and , unless some great annoucnement intervnes, usually results in price falls. It can be very frustrating to watch. Actually avoided a loss recently on CFU from applying this idea. Starting to see it as a good reason to watch a stock and try and pick a low for very illiquid stocks...anyway, its all supposition...but something I will be following.
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Seen very similar thing with CFU and EPG. Unfotunately, unless...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.206M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.1¢ | $5.428K | 2.885M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
116 | 131095311 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 6593852 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
116 | 131095311 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 6593852 | 13 |
0.003 | 7943671 | 13 |
0.004 | 2055391 | 7 |
0.005 | 1200000 | 2 |
0.006 | 3269000 | 2 |
Last trade - 15.44pm 03/10/2024 (20 minute delay) ? |
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