Dear All,
Seems like a staredown at this 32.5c-33c mark hence my sellers being in control post. Of course the price is up 13.79% on a 4c rise, so I don't mean they are trying to depress the price, more they seem to have successfully capped it at the moment. I will be very happy at a 33c finish on the day.
When you look at the current depth there is about 178,000 shares to move past 33c, and about 1.1 million shares on offer to get to 40c. In the overall scheme of things not alot of money to get to 40c.
Currently approx. $2 million in value and 6.34millino shares traded, VWAP 31.436c
See what the afternoon brings, holding around 32-32.5c would be a good result in my view.
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