If the buyer or seller is real, I'm happy for a bot/algo to take advantage.
However if both buyer and seller are bots AND they are the same ones day in, day out then that becomes manipulation IMO.
What do they have to gain? Drop the price one pip? They are not making any profit in the transaction.
Look at the volume though, 3,143,031 shares traded of which 700,000 (22%) I would call a suspect trade. What does that do to a whole array of TA based on volume and whether the price closes up or down?
It makes a mockery of price discovery.
Still, at least it means ABU is on the radar of someone :-)
Bring on the next announcement, maybe we can get that resistance line up to 3.2c and turn it into a support line!
serial manipulator, page-3
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.294M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $11.21K | 4.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 21760281 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 17281857 | 20 |
View Market Depth
| Last trade - 12.26pm 24/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |