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RDM

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3.03%

16.0¢ red metal limited

I wish I had the money to get in the sell just before them and...

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Thalamus

571 Posts.

152

27/02/24

12:39

Post #: 72618483
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Originally posted by PhillW: ↑

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!

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I wish I had the money to get in the sell just before them and the buy just before them again. NO profits for them.

RDM Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 16.0¢		Change -0.005(3.03%)		Mkt cap ! $47.89M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.0¢	$31.41K	193.9K

Buyers (Bids)

No.	Vol.	Price($)
6	128027	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	37000	2

View Market Depth

No.	Vol.	Price($)
6	128027	0.155
3	293221	0.150
2	96034	0.145
1	308000	0.140
2	25000	0.135

Price($)	Vol.	No.
0.165	37000	2
0.170	60848	3
0.175	255813	7
0.180	246323	3
0.190	37400	2

Last trade - 15.51pm 02/05/2024 (20 minute delay)


Last 16.0¢			Change -0.005 ( 3.03 %)
Open	High		Low	Volume
16.5¢	16.5¢		16.0¢	90073
Last updated 15.51pm 02/05/2024 ?

RDM (ASX) Chart