Interesting after-hours activity today.
The share price was artificially inflated by single parcel trades, right at the close (see below). It looks like our bot (assuming it is the same person behind similar activities) is now trying to keep control of the share price so it does not go into a steep long-term correction.
- As you mentioned @Smouldering we are inches away from signalling a long term negative momentum.
- We have previous evidence of bot(s) "channel trading", and long-term correction would make channel trading difficult.
- Also, it is not impossible that our trader also be holder and if so, obviously they would not want to jeopardise the long-term share price.
What is to expect tomorrow? If the bot keeps control, then we are still into the $3.20 horizontal channel, and probably have a few green days of relief until day trading resumes. If not, maybe we will retest $3.00.
Interesting after-hours activity today.The share price was...
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 (20min delay)
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Last
$1.82 |
Change
0.010(0.55%) |
Mkt cap ! $309.3M | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.85 | $1.75 | $154.4K | 85.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4739 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 7500 | 1 |
View Market Depth
| Last trade - 15.52pm 26/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |