Spot on. Further to that, Whales are Whales for a reason.
They wanna see profits like everyone else and at some point all the low hanging fruit in a price range gets picked and sellers refuse to budge any further. At that point, if demand is still there the price has to go up and often because of their deep pockets, whales can afford the outlay to pump a stock when the conditions are right.
Spodumene Price, page-527
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 374502 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3715512 | 56 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |