Yes, odd that it failed the spp level...I though this would have been a natural support line today.
Has a feel to it today...looks like net selling, but it is being done in a way to knock the price down, NOT achieve maximum price...clearly there is a play here that is only partially set-up.
This looks like a genuine re-rating scenario here...but one currently being carefully "managed" in respect to trading patterns.
This could suggest a much bigger picture is unfolding, or, a placement is being generated as we speak...with naked short-selling being used to fun it?
Who knows...but "someone" is not doing the stock any favours today...the daily chart will be a shocker.
Something tells me this is very much by design?
Anyway...have more bids ready...have picked them up much cheaper than I expected.
Cheers!
POH Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
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