This is very clear by today's trading action. Classic distribution (exiting) occurring here imo.
Long term holders dumping their positions into any volume available on the screen.
I can't see this holding above 23c for long. I personally see the teens coming before anything above 26 cents again.
Unfortunately the glory days of 2020 are behind us. From now onwards this chart looks like exponential decay.
Smart money has offloaded
Add DXB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.0¢ |
Change
-0.020(5.56%) |
Mkt cap ! $189.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.0¢ | 34.0¢ | $1.625M | 4.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 186275 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 149494 | 8 |
View Market Depth
| Last trade - 14.22pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
34.0¢ |
Change
-0.020 ( 5.53 %) |
||||
| Open | High | Low | Volume | ||
| 36.5¢ | 37.0¢ | 34.0¢ | 2233596 | ||
| Last updated 14.40pm 06/05/2024 ? | |||||
| DXB (ASX) Chart |