It's a liquidity hunt technique. Retail position stops around what they consider support and resistance and an operator moves price around to hunt out the liquidity (for a delayed bigger move generally).
It's not always the end of the world, but instead further analysis on larger timescales can indicate intent.
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Last
$2.40 |
Change
-0.120(4.76%) |
Mkt cap ! $453.3M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.52 | $2.40 | $988.7K | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 27149 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 5692 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |