I was wondering the same thing NAV. This is all my opinion only.
We opened at 8.3, went up to 8.4 and then it dropped to 7.2 - in the space of 15minutes.
Then it slowly recovered to 7.6 where it looked like staying until large buy order in the final minutes.
I think someone sold and bought a huge parcel this morning - triggering stops (intentionally triggering an automatic domino effect). The triggers went off + some people manually sold and the SP tanked. I think the 'slow increase' throughout the day was mainly someone accumulating the stock.
The thing that gets me... is why then suddenly pump it back up from 7.6 to 8 for the close? someone really wanted it to finish in the 8's...
Was it to give it a good basis for an opening tomorrow? (have they now accumulated and want it to sky rocket again)?
Or did they simply buy a large parcel at 8c because they were desperate to buy back a huge chunk at that price for tomorrow... because tomorrow they are going to do the same thing again. They will (IMO) sell a huge parcel at a below market price, triggering stops, causing more selling panic and will then buy back - accumulating more ... then in the afternoon they will 'buy a large parcel' - once again - which will be used the following day.
Accumulation IMO.
I could be completely wrong, let's wait and find out tomorrow.
Ele.
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.66M |
Open | High | Low | Value | Volume |
45.0¢ | 45.0¢ | 44.0¢ | $79.01K | 176.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 90149 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 26260 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 90149 | 0.440 |
1 | 44485 | 0.435 |
3 | 56704 | 0.430 |
1 | 50000 | 0.425 |
3 | 51894 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 26260 | 3 |
0.465 | 7850 | 2 |
0.470 | 2631 | 1 |
0.475 | 16000 | 1 |
0.480 | 1800 | 1 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
45.0¢ |
  |
Change
0.000 ( 2.27 %) |
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Open | High | Low | Volume | ||
44.0¢ | 45.0¢ | 44.0¢ | 77116 | ||
Last updated 15.59pm 21/05/2024 ? |
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