I'm trying to reason the selldown today, there was some fierce selling at 29c (and fierce buying). The overall volume today was 3M which is well down on the previous four trading days (11.7m; 4.6M; 6.9M; and 7.3M). What I thought was strange is the market depth on the sell side is fairly open back to 31c. The only logical reason I could put it down to would be T3 traders from Friday forced to exit their positions. I am wondering whether the strange on market cross trades at 30c yesterday were a piece of the puzzle. I went with my gut and bought some more today at 29c.
reasons behind the selldown today
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.90M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $111.0K | 6.162M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 7999876 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1680469 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |