Classic pump & dump. If you watch the market depth closely,...

Classic pump & dump. If you watch the market depth closely, there are prop bids at the various levels that disappear. I suspect the prop bid instigators are attempting to get fomo traders to buy at higher levels and when the momentum stalls, they are selling into the bids and removing their prop bids at the same time.

This morning and I suspect yesterday were classics. Prop bid all the buy levels pushing the share price to 20c resistance and when the rally lacks momentum to break 20c resistance sell down at each lower bid level whilst removing the prop bids. A simple way to ascertain that these shenanigans are going on is to add the current volume to the next lower bid market depth and see if the volume adds up once the the bid level has been wiped. Hasn't added up all morning!