Rather than a pullback caused by lack of news, it looks to me like the usual bot action that is walking the sp down so that accumulators can buy cheaper. Add to that the likelihood that such bot action is likely to cause any tight stops to be hit, then you have every reason for a slight drop.
To reinforce this strategy, there are sell orders in the queue for 100k @ $6.70, 50K @ $ 5.95, 50K @ $7.20 and 100k @ $10. These inflate the sell queue by 300k shares with orders that are on the market but are not in the market. It makes it look like sellers are falling over themselves to sell when they certainly are not.
As I have said many times, they are not getting my shares with these tricks or any tricks.
AIMO GLTAH
Running discussion on SP, page-1064
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Last
$2.38 |
Change
0.160(7.21%) |
Mkt cap ! $451.9M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.38 | $2.19 | $1.896M | 828.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1096 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 105071 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |