It's not general selling - it's let it build then dumpo!
Someone has a lot of stock to unload.
The underlying market sentiment is positive as shown earlier today by the steady rise - before the big sellers entered.
I just wonder if they know something we do not.
That's the worry about it.
Other than that you have the theory that several funds or big stakeholders want to size down - but why do this way?
They don't care about the price.
There is some haste in the selling for sure.
support being smashed, page-5
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Last
$6.83 |
Change
-0.050(0.73%) |
Mkt cap ! $4.720B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.85 | $6.70 | $6.019M | 883.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23338 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 6685 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CGF (ASX) Chart |