Does anyone see Friday arvo's frantic trading as a bit strange? Or was it that the moons were aligned, and we just happened to all buy at the same time!
Anyway, what I am getting at is that someone wanted to accumulate very quickly. They would take out a stack or two, stop buying for a minute or two, while eating anything that was offered up and then move onto the next stack. They chose Friday arvo IMO on the basis that day traders and others are more likely to be sellers on a Friday, and many may have profits they are looking to take.
We seem to be wrapped up in the euphoria of a stock turning, rather than analysing what happened and what it means. Can't see what news could be pending to see the share price take off and warrant such a quick accumulation - any theories out there?
strange trading friday arvo: something up???
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Last
$2.01 |
Change
0.015(0.75%) |
Mkt cap ! $982.1M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.03 | $2.00 | $1.610M | 803.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4754 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 5514 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NGI (ASX) Chart |