The small parcels sells are an attempt to trigger stop-losses for big buyer absorption or to make the ticker on someones watchlist to look like its selling off.
My terms for this is either a cluster stop-loss bomb (over abundant amount of stop losses are sitting 2-4pips below current price. Causing a violent downtrend.
Or a cascading stop-loss ladder: as the price climbs, stop losses are built up pip by pip. And all it takes is bots selling tiny 2 share parcels over and over to trigger the ladder.
The small parcels sells are an attempt to trigger stop-losses...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $36.62K | 15.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 621 | 874601304 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 509937628 | 127 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |