I reckon it's a case of "reverse greed".
In exactly the same way as punters miss the top because they think the short term climb is going to go on forever, 'sideliners' miss the bottom too, because they think think it's going to 19c (cue makingmoney, Loading up, Eyes and other Disney characters).
The price bounces off the silly lows and punters waiting for the reeeaaallly silly lows, realise it's never going to get there
and so begins the buying frenzy as they don't want to miss any more of the easy early money.
Oh...and you reckon this movement's impressive. Wait and see what happens if the Boss tosses out a little "berley"
Positive Movement, page-2
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $123.9K | 635.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 756525 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 1228599 | 16 |
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| Last trade - 13.22pm 28/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |