Somebody is playing low volume, slow pace accumulation games here.
In the lead up to the announcement we would generally finish flat with levelling transactions appearing in the auction. The day before the announcement we gained volume and value, I believe someone knew the report was ready for release, and I think they bought more in fear that the price would go up materially
The end of yesterday and today has seen someone pip it down at the end of the auction, and pull some supporting buy volume. Check out the additional 1 share purchase to ensure we finished grey, same as yesterday
Why? Well, I'd like to accumulate more but can't risk everything on this 4 trick pony. But someone appears happy enough that the price hasn't yet rocketed, and slowly chomps away at any weak hands selling into market
Somebody is playing low volume, slow pace accumulation games...
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1.2¢ |
Change
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Mkt cap ! $9.926M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $22.37K | 1.807M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1062492 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 862009 | 4 |
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| Last trade - 15.52pm 27/06/2024 (20 minute delay) ? |
| SHP (ASX) Chart |