I don't believe that anyone bought millions and millions in weeks leading up to the breakout in the asx.
Look at the volume on a simple chart on the JSE. You'll see that in the weeks leading up to the big move and you'll notice that there's barely any shares traded. So accumulating in those weeks is not possible.
I believe any arbitrage shares have been washed.
As for the sell pressure on the asx you can see that almost all shares traded in the past year and a half have all been done below $1.50 and a good portion of that is sub $1.30...
Any push downs have been done on pure profits but I believe if we haven't already hit the bottom with yesterday's push down then we should see a bottom start to form around here.
If news is soon then we will quickly run back up. If there's no catalyst then we may see a short period of consolidation around current levels...
I don't believe that anyone bought millions and millions in...
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Last
$1.03 |
Change
0.020(1.98%) |
Mkt cap ! $30.93M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.03 | $1.02 | $31.25K | 30.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5481 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 3584 | 1 |
View Market Depth
| Last trade - 13.33pm 19/08/2024 (20 minute delay) ? |
| RLT (ASX) Chart |