Not sure about running out of steam, but one thing’s for sure, there are some funny things going on.
Check out the buy & sell depth for example.
On Friday the guy with 120,002 shares had 7 orders on the screen. Yes......SEVEN. Two buys & five sells.
I notice he’s reduced that slightly but either way, he still sits suspiciously on the bid and ask, if you ask me.
Two things I reckon I know for sure;
1) This buyer and seller are the same person.
2) They must be using a full service broker as I’m sure discounters like Nabtrade & Comsec only allow 2 orders from the same client at any one time.
So, what’s his motive?
Not sure about running out of steam, but one thing’s for sure,...
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $80.01K | 402.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1576649 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 319098 | 7 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |