From the way I read the daily price/volume, I see the situation the other way around (feel free to disagree). I believe the price/volume action over the last year (from late Feb 2021) shows that someone is trying to accumulate on the quiet, but even their best efforts are sometimes are pushing the price up above $1.60-$.170 (by absorbing all the selling between $1.20-$1.45). Once the price gets above $1.60 they pull the pin on the buying and let the market sell back in to their accumulation zone of $1.2-$1.45.
Feel free to disagree or post a different point of view.
Best wishes to all.... Hopefully we get some news soon to see the price move out of this accumulation zone (and hopefully to the upside).
RMS in takeover talks with SBM, page-97
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |