As @LF916227 explained so succinctly and gratefully, there could be any number of reasons for such selling. However the flip side to that is that there was also a buyer who saw value at 52 cents. The trades seemed purposely organised in my opinion. The the current chart remains weak and dispiriting and clearly has more to give (dropping through the 50 day MA probablytrigging a few stop losses too).
I've never been very good at picking tops & bottoms so I took the opportunity to buy another parcel on today's dip.
Research, page-906
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 (20min delay)
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Last
51.5¢ |
Change
-0.005(0.96%) |
Mkt cap ! $211.4M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.0¢ | 51.3¢ | $172.7K | 333.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39195 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 4DX (ASX) Chart |