There still seems to be some sort of accumulating occurring; someone is happy to repeatedly drop the price at the end of days trade by dropping a handful of shares to meet the lower buyer price....I can only assume that this trader still has open buy orders, and has not yet bought their desired amount, at the 1.2c mark (or 1.3c???), and will not pay more than this. Any stockbroker would be able to achieve what we have witnessed on many trading days lately. I did wonder why they did not do the same yesterday, but I think that they (like most of us) thought that today it was going to follow yesterdays lead, and keep going, never to return to 1.2c.....If they had dropped some at the close yesterday to make it close at 1.3c, it would not seem enough of a trigger to keep things rolling today, so they might have thought "time to sit back and watch it grow". But today was not like yesterday, so I'm guessing they are back to buying again at 1.3c, or 1.2c tomorrow if they are lucky????????
Only a theory, and happy to be shot down with some better and more likely arguments!
QFY Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
