Yes sroyle trade today was buoyant even though it closed at 83c. That was down to one sell of 50,000 which seemed to have been put on at market value rather than at a price. Considering that plenty had been through in excess of 90c it seems to have either been a mistake or someone wanted to get out quickly. I just wish that I had a buy on the screen waiting.
I have been watching this stock trade for the last couple of weeks and there doesn't seem to be lots of bids to support the price. There appears to be buyers picking off any sells that appear on the screen within a certain price range. When sells dry up the buyers then move up 10c. I've noticed a step shape on the chart which would appear to show this. What do you think? Is this broker buying? How high will it go? Anyhow I think I've convinced myself to have a punt with this stock.
SPH Price at posting:
83.0¢ Sentiment: LT Buy Disclosure: Not Held
